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Jack transferred his RRSP to a RRIF at the end of last year. At the beginning of the year, he was 71 years of age
Jack transferred his RRSP to a RRIF at the end of last year. At the beginning of the year, he was 71 years of age and the fair market value of the RRIF was $300,000. The prescribed RRIF factor for a 71-year-old annuitant is 0.0528. He wanted to base the minimum withdrawal amount from the RRIF on his wife, Emma's age who is 64 years of age, with a prescribed factor of 0.0385.
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
