1- Registered retirement savings plans
The purpose of retirement assistance programs is to provide individuals with financial independence based on their desired lifestyle when they retire, by
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 their spouse.
Request that the minimum amount be determined based on the age of your spouse, if they are younger.