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Posts from the ‘– RRIF’ Category

17
Dec

Got an RSP and Turning 71?

If you have been accumulating wealth in a Registered Savings Plan and are turning 71 this year or next, you should be aware of the decisions you have to make. The Income Tax Act says that you have to terminate your RSP’s by December 31st in the year you turn age 71. In doing so, you basically have three options: Read more »

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