as 8 88 O Robert holds an RRSP He designated his spouse Gilda as beneficiary. What happens when Robert passes away! The fair market value of the property within the RRSP at the time of Robert's death is induded in this income for the year of death The book cost of the property within the RSP the time of Robert's death is included in his income for the year of death The property within the RRSP passes on a tax-deferred basisto Gilda The fair market value of the property within the RRSP at the time of Robert's death must be reported as income in the hands of Gilda in the year of Robert's death