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Registered Retirement Income Fund - RRIF
What does it mean?
A fund that is available to RRSP holders. Tax is deferred however an investor in an RRIF must withdraw a certain amount each year, and pay tax on it.
In Other Words...
The plan is designed to provide a constant cash flow through the years of retirement. Because RRSPs must be de-registered by age 69, converting an RRSP into an RRIF at this time can provide another vehicle for tax deferral.
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Related Terms
Cash Flow | RRSP | Tax | Tax Shelter
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A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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