Question
Eileen de Villa turned 69 years of age on October 31, 2020. She spent her career as a civil servant working for the City of
Eileen de Villa turned 69 years of age on October 31, 2020. She spent her career as a civil servant working for the City of Toronto. She is now retired and has a good pension. She owns a Registered Retirement Savings Plan (RRSP) with a current account value of roughly $350,000. She does not require income from this RRSP to pay for her current lifestyle. When will Eileen's RRSP mature and at what date will she be required to make her first redemption?
December 31, 2022 and December 31, 2023 | ||
October 31, 2022 and December 31, 2022 | ||
December 31, 2020 and December 31, 2021 | ||
October 31, 2020 and December 31, 2021 |
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