Retire with an RRIF
RRSPs are a great savings vehicle, but they can’t stay as RRSPs forever. By the end of the year in which you turn 71, you must either cash out your RRSPs (and pay income tax on the full amount), purchase an annuity, or convert them to a Registered Retirement Income Fund (RRIF), or choose some Read more about Retire with an RRIF[…]