Question
Which of the following statements regarding Registered Retirement Income Funds(RRIF's) is NOTcorrect? A. A RRIF can be established by an individual of anyage, but must
Which of the following statements regarding Registered Retirement Income Funds(RRIF's) is NOTcorrect?
A.
A RRIF can be established by an individual of anyage, but must be terminated in the year the individual turns 95.
B.
Tax-free transfers from other types of retirement savingsarrangements, such as RPPs orRRSPs, can be made to a RRIF.
C.
A RRIF is very similar to anRRSP, with the exception that deductible contributions cannot be made to a RRIF.
D.
Legislation provides a calculation for the minimum withdrawal that must be made from a RRIF each year.
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
