Feds eliminate foreign content cap in pensions

HR highlights from the 2005 federal budget
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|hrreporter.com|Last Updated: 03/22/2005

The federal government’s budget contains a number of initiatives of interest to HR practitioners.

30 per cent foreign content cap lifted for pensions

The budget delivered by Finance Minister Ralph Goodale completely eliminated the foreign property rule investment limit for tax-deferred retirement plans (including pensions plans, deferred profit-sharing plans and registered retirement savings plans) effective immediately.