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Private company shares in your RRSP


July 27th. 2011
Under limited circumstances it is possible to hold private company shares in your RRSP (or TFSA).? The recent Federal budget has made it more difficult to qualify for this opportunity.? The really bad news, is that if you previously qualified, and your RRSP holds private company shares, that investment may now be off-side, and subject to severe penalties. If you hold private company shares in your RRSP, contact us so that we can review the current facts and ensure this remains a qualified investment.? If it is no longer a qualified investment, we can advise you on appropriate steps to mitigate the penalties.

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