Death, taxes and your RRSP: What you need to know to minimize the tax hit to your estate

Author: External Author | | Categories: Accounting Services , Tax Accountant

For millions of Canadians, the RRSP, and it’s common successor, the RRIF, provide a lifelong tax deferral which allows a taxpayer to set aside a portion of their income while working for use later in life, often in retirement.

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Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Jamie Golombek

Original Article Posted on:   May 14, 2021  

Link to Original Article:  https://financialpost.com/personal-finance/taxes/death-taxes-and-your-rrsp-what-you-need-to-know-to-minimize-the-tax-hit-to-your-estate



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