Question $28(1$ point$)$

Listen

Mhtthew plans to leave his life insurance and his home to his second wife, Kate, and his RRSPs to his married adult children from his first marriage. When Matthew dies:

His children must declare the RRSPs as income on their tax returns,

The RRSP proceeds would be transferred to Kate who would declare the income on her tax return.

The RRSP proceeds will be included as income on his terminal return.

His children can roll the RRSPs into their own RRSPs$.$

Previous Page

Page $28$ of $30$