Inheritance tax on riff/liff?
Relative had spouse die recently and inherited their riff/liff funds. Now the bank sent tax receipts for the full amounts inherited. The money is still in the rrif/liff and being withdrawn monthly. Now is this the gov't double dipping on taxation? They already pay tax on the money being withdrawn monthly, and now again to pay tax on the entire amounts? What can be done about this?
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