{"id":267415,"date":"2017-03-22T17:05:00","date_gmt":"2017-03-22T22:05:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/ottawa-proposes-to-extend-anti-avoidance-rules-to-resps-and-rdsps\/"},"modified":"2019-11-09T02:00:01","modified_gmt":"2019-11-09T07:00:01","slug":"ottawa-proposes-to-extend-anti-avoidance-rules-to-resps-and-rdsps","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/in-depth_\/special-reports\/ottawa-proposes-to-extend-anti-avoidance-rules-to-resps-and-rdsps\/","title":{"rendered":"Ottawa proposes to extend anti-avoidance rules to RESPs and RDSPs"},"content":{"rendered":"

Canada’s federal government is proposing to extend a number of existing anti-avoidance rules that currently exist for tax-free savings accounts (TSFAs), RRSPs and RRIFs to registered education savings plans (RESPs) and registered disability savings plans (RDSPs) in this year’s federal budget.<\/p>\n

RESPs and RDSPs are tax-assisted registered plans. RESPs help families accumulate savings for a child’s post-secondary education while RDSPs allow persons with disabilities \u2014 and their families \u2014 to save for the future.<\/p>\n

The anti-avoidance rules that currently exist for TFSAs, RRSPs and RRIFs help ensure that the plans do not provide excessive tax advantages unrelated to their respective basic objectives, the government says.<\/p>\n

These rules include:<\/p>\n