CRA indicates that a foreign compulsory savings and pension scheme would not give rise to “specified foreign property” if it constituted a foreign pension plan “exempt trust”

Regarding a compulsory savings and pension scheme for citizens and permanent residents of a foreign country, to which a Canadian resident had contributed while she was resident in and employed in that country, CRA indicated that the interest of the individual in the fund would not constitute “specified foreign property” if it was described in para. (a) or (b) of the definition of “exempt trust.” It implicitly treated this as being a question as to whether it qualified as a foreign pension plan described in para. (b) of that definition – and indicated that this determination was a question of fact for which there was insufficient information.

Neal Armstrong. Summary of 17 July 2025 External T.I. 2025-1061051E5 under s. 233.2(1) – exempt trust – (b).