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  • RRIF dividend question.....

    RRIF's are just registered containers, like RRSPs and TFSAs, correct? If I have an RRSP that converts to a RRIF when I'm 70 and its full of dividend payers that exceed the minimum RRIF withdrawal, does the RRIFF just grow? ...

    • favelle75
    • Jul 5th, 2022 12:48 am
    • Forum: Investing

  • RRIF GIC

    If you have All GIC in a RRIF, which account does the automatic withdraw come from the one with the lowest interest rate and will that stop the GIC interest given? Or If your RRIF is all in stocks/mutual funds does it automatically sell your stocks/mutual funds?

    • taeyang987
    • Mar 30th, 2022 7:48 pm
    • Forum: Personal Finance

  • My Parents Want to take $ out of their RRIF and give it to their children

    Is this possible?I think they would be taxed on it right?If they send it to their kids - must they declare it as income?They are 80+ yrs old

    • ronatola
    • Feb 27th, 2022 9:40 pm
    • Forum: Personal Finance

  • RRIF Spouse death

    My mother passed away last year. My father's RRIF used her age (she was younger) to determine the minimum payment. Is the minimum payment in 2022 to be based on his age or continue using my mother's age. RBC holds the RRIF and told me to continue. ...

    • fhirji
    • Jan 28th, 2022 7:25 pm
    • Forum: Personal Finance

  • How To calculate Capital Gain after in-kind stock withdrawal from RRIF to non-registered a/c then subsequent sale

    Example: 1. Let’s say bought 1000 CIBC at $100 (book value or average cost) = $100000 2. Did in-kind 1000 CIBC stock withdrawal from RRIF to non-registered account at $125 (market value) = $125000 3. A year later sold 1000 CIBC at $150 = $150000 Is the capital gains $50000 or $25000? Is ...

    • User185269
    • Nov 24th, 2021 8:53 am
    • Forum: Personal Finance

  • Spousal RRIF Payment Attribution Rules

    Question regarding the Attribution Rules for Spousal RRIF/RRSP payments/withdrawals. This doesn't seem to be clear since most of the examples given on financial institution web sites only show what happens with contributions and payments/withdrawals ...

    • Rater99
    • Oct 18th, 2021 4:11 pm
    • Forum: Personal Finance

  • Best Place To Have A RRIF To Maximize Interest Rates On Yearly Required Withdrawals.

    BMO Investorline RRIF, requires money to be available for yearly percentage withdrawal. As it, can not be in a GIC or stocks but must be in cash, available for the time you requested, as in end of the year etc. Investoline also has ...

    • profile
    • Jul 2nd, 2021 4:44 pm
    • Forum: Personal Finance

  • Structures for RRIF payouts

    Well, I collapsed my self directed RRSP into a self directed RRIF, this is in my TD direct investment account. Any hints/tips/suggestions as to how to set up my withdrawals? I would like to keep my asset mixture the same, it has proven to work well for ...

    • phantomfj
    • May 5th, 2021 7:13 pm
    • Forum: Personal Finance

  • Best GIC to invest RRIF money

    I recently opened RRIF account and in need to find best investing product for $100,000.GIC is preferable. Any advice?

    • genebest
    • Mar 19th, 2021 3:32 pm
    • Forum: Personal Finance

  • What is the penalty for not withdrawing the annual minimum on a RRIF

    If there was a mistake and the amount withdrawn was less than the government mandated minimum for the person's age what is the penalty?

    • Quentin5
    • Mar 12th, 2021 1:55 am
    • Forum: Investing

  • RRIF withdrawal mistake mistake by iScotia?

    My minimum RRIF withdrawal percentage based on my age is 4.76%. Scotia paid me the RRIF amount which works out to 4.756%. This is a small percentage difference but will I get into trouble with CRA for withdrawing less than the ...

    • fhirji
    • Feb 15th, 2021 10:29 am
    • Forum: Personal Finance

  • Re-contribute to RRSP with overdrawn RRIF payment?

    Hello Folks, Asking for my dad (69): he withdrew too much RRIF payment (more than the minimum) for a large purchase but decided not to proceed. Can he (and is it wise to) re-contribute the amount back to his RRSP to lower his tax bill comes year-end? TIA

    • Gnilkus
    • Jan 11th, 2021 3:12 pm
    • Forum: Personal Finance

  • RRIF opening advise

    Because of age I need to open RRIF. My RRSP assets mostly in People Trust CU, but they do not have such product😠. So I am considering RBC or Blue Shore Financial CU in which I have RRSP accounts. Which one is better? Is it possible to open two RRIF? Thanks and Merry Christmas!

    • genebest
    • Dec 26th, 2020 4:24 pm
    • Forum: Personal Finance

  • TD and minimum RRIF withdrawal

    My mom is complaining that she went online to TD today to do her annual minimum RRIF withdrawal, taking into account the 25% COVID reduction that the CRA is offering, only to find that TD already did it 3 days ago without the 25% reduction. She has always done the ...

    • Scote64
    • Dec 18th, 2020 4:30 pm
    • Forum: Personal Finance

  • RRIF Setup and Withdrawals

    My father turns 71 this year and as a result, needs to convert his RRSP accounts into RRIFs. My mother is 62 years old and turns 63 this year. I understand that my father can use my mother's age when it comes to determining the minimum amount of each annual withdrawal. ...

  • RRSP conversion to RRIF logistics HSBC/BMO?

    ... everything is done right? 2.How does the bank make sure you withdraw the minimum starting from the following year after you transferred to a RRIF? do they remind you ? What happens if you sell off some stocks,etfs etc which met the minimum withdrawal requirement already? Would appreciate ...

    • goldenball
    • Oct 12th, 2019 8:05 am
    • Forum: Personal Finance

  • RRSP to RRIF Questions.

    Questions: Can my wife and I each transfer $12,000 from our RRSP into a RRIF when we turn 65. Then each withdraw $2K per year for the next 6 years tax free from our RRIF with the Pension Income Tax Credit? I don’t have a company pension plan, but my wife does. ...

    • MyDream1
    • Sep 27th, 2019 12:30 pm
    • Forum: Investing

  • RRIF Transfer to Beneficiary

    Hello, A grandparent of mine passed away earlier this year and left the RRIF to their spouse as the beneficiary. The bank holding the RRIF did not provide good GIC rates, or good service. It appears that to move the RRIF to the spouse, it needs to be transferred ...

    • RJones89
    • Sep 6th, 2019 11:48 am
    • Forum: Personal Finance

  • US treasuries in RRIF

    Looking for a Canadian broker which would support this feature. Thanks.

    • andrew4321
    • Apr 17th, 2019 5:49 pm
    • Forum: Investing

  • [DUCA] DUCA 5-Year GIC 3.75% (RRSP / RESP / RRIF / LIF/ TFSA)

    If GIC's are your cup of cake, Duca's 3.75% is the highest I can see anywhere. DICO Insured. Good For: RRSP / RESP / RRIF / LIF / TFSA All rates stated are per annum. All CDN$ term deposits, RRSPs, RRIFs, RESPs, and LRIFs have a $500 minimum. On non-redeemable term deposits, interest ...

    • BuciMaci
    • Jan 5th, 2019 4:08 pm
    • Forum: Expired Hot Deals

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