The Globe and Mail reports in its Friday edition that Canada Revenue Agency is monitoring the contents of registered plans such as tax-free savings accounts, registered retirement savings plans and registered retirement income funds more closely. The Globe's Alison MacAlpine writes that CRA began by targeting day trading and aggressive tax planning in TFSAs and, starting with the 2023 tax year, has brought RRSPs and RRIFs in line with TFSAs with a new requirement that financial institutions report the year-end fair market value of the assets contained in these plans. Wilmot George at CI Global Asset Management says the most important words there are "qualified investments," suggesting the CRA wants to ensure people are using RRSPs and RRIFs as intended. In the coming years, as the CRA collects fair market values annually, large increases or volatility may prompt the tax agency to do more investigating. "They're looking for more information to allow them to identify trends within RRSPs and RRIFs," Mr. George says. "And if there's anything unusual about the trends, then perhaps they'll run an audit and see what types of investments are held and whether or not those investments are qualified for those registered plans."