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Nancy will convert her spousal RRSP to a spousal RRIF at the latest possible date. In the year that she is required to make her
Nancy will convert her spousal RRSP to a spousal RRIF at the latest possible date. In the year that she is required to make her first mandatory withdrawal, assume the minimum amount that must be withdrawn from the spousal RRIF is $22020.00. If in that year Nancy withdraws $30000.00 from her plan, what approximate amount will be attributable to Gary, who was the contributor to the spousal RRSP if he has contributed $5000 a year to the plan up to and including the year in which the spousal RRSP was converted to a spousal RRIF?
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