Registered Plans definition
Examples of Registered Plans in a sentence
Depending on the circumstances, strip bonds issued by corporations may also be “qualified investments” for Registered Plans.
Strips may therefore be more attractive when purchased and held in non-taxable accounts, such as self-directed Registered Plans, pension funds and charities.
If the Trust does not qualify as a mutual fund trust at all relevant times, the Units will not be, or will cease to be, as the case may be, qualified investments for Registered Plans.
Accordingly, Subscribers whose Registered Plans own Units should consult their own tax advisors prior to exercising redemption rights.
Redemption Notes received as a result of a distribution or redemption of Units will not be qualified investments for Registered Plans, which may give rise to adverse consequences to a Registered Plan or the annuitant thereunder as discussed above.