By Julie Cazzin with Allan Norman Q : Is there any advantage to opening and starting a registered retirement income fund ( RRIF ) account before I reach the age of 71? — Sanjay FP Answers ...

Making withdrawals annually instead of monthly and drawing down non-registered assets first can help you make the most of the ...

A Registered Retirement Income Fund (RRIF) ... (RRIF) account through a financial institution such as a bank, credit union, trust or insurance company.

What happens if you’re not named the beneficiary or successor owner of a RRIF. When a partner dies, the full amount of their RRIF will be added to their other income for the year and taxed at ...

RRIF payments are flexible and most banks and brokerages offer monthly, quarterly or annual payment options. For RRIF account holders who do not require cash flow from their accounts for spending, ...

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.

An RRIF is an income distributing retirement account, not a savings account. While you can contribute to a RRSP until you’re 71 years of age, once you convert your RRSP into an RRIF, you can no ...

A registered retirement income fund, ... held in a RRIF account at a Canadian financial institution that is a CDIC member are protected up to $100,000 by the Canada Deposit Insurance Corporation.

The minimum withdrawal for a 71-year-old who converts to a RRIF is 5.28 per cent in the following year when they turn 72. That rises to 6.58 per cent in the year they turn 80 and 8.08 per cent in the ...

Given the stock market recovery and the government’s weakening fiscal position, the Liberals’ election pledge to reduce the ...