Your client turns 71 today and has $800,000 saved in her RRSP. How would you advise her?

A.She must convert the RRSP into a RRIF or an annuity today since it is her 71st birthday, otherwise it will be fully taxable.

B. She must convert the RRSP into a RRIF or an annuity by year end, otherwise it will be fully taxable.

C. She can keep the funds in her RRSP for another year, until 12 months after her 71st birthday, otherwise it will be fully taxable.

D. She must convert the RRSP into a locked-in RRSP or LIRA by year end, otherwise it will be fully taxable