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When you turn 67 years old, you have gained a lumpsum of money from saving in RRSP - $403,000 to be exact. You transfer
When you turn 67 years old, you have gained a lumpsum of money from saving in RRSP - $403,000 to be exact. You transfer the money from RRSP to GIC when you turn 67. The GIC is paying our 4% interest per annum (per year). At what age will you not be able to withdraw $30,000/per year?
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
