The most common reason to transfer funds from an RRSP to a RRIF is:a. the individual has officially retired.b. the list of qualified investments is much broader for a RRIF.c. the individual reaches 71 years of age.d. the individual reaches 65 years of age.
Added by Miguel -Ngel P.
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An RRSP is primarily for saving for retirement, while a RRIF is designed to provide income during retirement. Show more…
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