It is July 7th. You are a financial consultant and are meeting today with your client, Beatriz Potter. She has a Registered Retirement Income Fund (RRIF) account that has a current value of $486,000. On January 1st of this year, the account value was $467,000. Beatriz is currently 76 years of age and her birthday is March 26th. What is her minimum mandatory withdrawal from her RRIF account for this year? (Note the CRA minimum RRIF withdrawal schedule is 7.71%, 7.85%, 7.99% and 8.15% for the start of the year in which Beatriz reaches age 74, 75, 76 and 77 respectively).

		$38,831.40
		$38,151.00
		$37,322.20
		$36,659.50

If Miigwan's marginal tax rate is 38% and she contributes $13,500 to an RRSP, what is the total amount of her tax savings?

		$3,717
		$5,130
		$8,370
		$9,783

Maurice Ravelle was 73 years of age on January 1 of this year. His qualifying RRIF had a balance of $382,000 on the same day. What is the minimum mandatory withdrawal amount for Mr. Ravelle?

		$22,471
		Mr. Ravelle is not yet required to withdraw assets from his RRIF
		$21,222
		$20,105