Tax Planning
Understanding RRIF Minimum Withdrawal Rate
At the end of the year you turn 71, your RRSP matures and you must convert it to a Registered Retirement Income Fund. Each year, a minimum amount based on a percentage must be withdrawn […]
minimum withdrawal
Tax Planning
Withdrawing from a LIF
Minimum Mandatory Withdrawals When Withdrawing from a LIF When withdrawing from a LIF, keep in mind the minimum and maximum withdrawal percentage. The percentages vary from province to province. Funds withdrawn from a LIF will […]