Learn how strategic RRIF withdrawals can save your heirs thousands in taxes. The Escarpment Advisory Group explains this ...

I recently retired and withdrew money from my registered retirement income fund. I was surprised that the bank withheld 30 per cent. Is this always the case? No. With a RRIF, the government requires ...

At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your RRSP to a RRIF is the ...

Avoid a large tax bill when you turn 71 by converting your RRSP retirement savings into retirement income with a RRIF. Many or all of the products on this page are from partners who compensate us when ...

If your client has been waiting to withdraw their RRIF minimum for 2025, they need not wait any longer. The Department of Finance says the Liberals’ election pledge to reduce the mandatory minimum ...

Given the stock market recovery and the government’s weakening fiscal position, the Liberals’ election pledge to reduce the mandatory minimum RRIF withdrawal by 25% for one year may no longer be ...

You have contributed to your RRSP throughout the years. However, the time comes when you have to start withdrawing those funds. You must convert your RRSP into a Registered Retirement Income Fund ...

Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. This measure from the 2015 ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

Here’s how to leave assets in your RRIF account to your spouse, common-law partner, children, grandkids or other beneficiaries—and tax implications of each. In all provinces except Quebec, you can ...

Canadian investors can benefit from lower taxes by donating appreciated securities to a registered charity. According to BMO ...