Jerry died 3 weeks ago. His wife, Olive, who is 68, is eligible for a designated benefit of $175,000 from Jerry's RRIF. Jerry was to have withdrawn $8,000 from his RRIF this year but had only withdrawn $2,500 before his death.

1. What happens to Jerry's RRIF?

Can Olive transfer some of Jerry's RRIF to her own RRIF? How much and why?

Answer rating: 100% (QA)

In the event of the death of an individual who had a Registered Retirement Income Fund RRIF there ar... View the full answer