Luciana passed away at the age of 75 with $50,000 remaining in her RRIF. She named her grandson Sebastian, who is 16 as beneficiary. Sebastian's family is interested in helping him save on the taxes from his grandmother's gift. What is he able to do?

 

Answer rating: 100% (QA)

In Canada when a Registered Retirement Income Fund RRIF owner passes away and designates a beneficia... View the full answer