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