The rules governing RRIFs are similar to those of RRSPs, in particular with respect to advantages and eligible and prohibited investments. Revenue accumulates tax-free and withdrawals are fully taxable. The RRIF annuitant must, each year, withdraw a minimum amount determined according to prescribed rates which vary based on the age of the annuitant or his/her spouse.
Request that the minimum amount be determined based on the age of your spouse, if he/she is younger.
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1- Registered retirement savings plans
See 1- Registered retirement savings plans -
2- Registered retirement income fund
See 2- Registered retirement income fund -
3- Employer pension plans
See 3- Employer pension plans -
4- Pension income splitting
See 4- Pension income splitting