Principal Issues: Whether the payment of bonus interest by a RIF carrier to an annuitant's RRIF would be a prohibited benefit for purpose of paragraph 146.3(2)(g), prior to March 23, 2011 (the effective date 146.3(2)(g) is repealed)?
Position: In general, no, provided the bonus interest is paid by the RIF carrier into the annuitant's RRIF
Reasons: The provisions of 146.3(2)(g), specifically, subparagraph 146.3(2)(g)(i). Also, our position regarding prohibited benefits for purposes of RRIFs is similar to our position regarding prohibited advantages and RRSPs.