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Kyle was ordered to pay Julie $12000 from his RRSP as part of the divorce settlement. Julie transfers the $12000 directly in to her RRIF.
Kyle was ordered to pay Julie $12000 from his RRSP as part of the divorce settlement. Julie transfers the $12000 directly in to her RRIF. Shortly after the divorce, Kyle marries Sandra, who received$20000 as a refund of premium from her late husband's unmatured RRSP. She received $20000 in cash on August 1st of this year her husband passed away. She deposited the entire amount in to her bank acc. In feb of next year she transferred $20000 into her RRIF . Who will pay income tax for funds removed from their RRSP. A:Sandra B:Kyle C:Julie D: neither Sandra, Kyle nor Julie
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