Question: Mabel and Murray have decided to open a RRIF using the RRSP funds that exist in an RRSP in Murray's name. Mabel is 60 and
Mabel and Murray have decided to open a RRIF using the RRSP funds that exist in an RRSP in Murray's name. Mabel is 60 and Murray is 71. The payments from the plan will be based on Mabel's age. Tax will be paid on the basis of: Mabel's marginal tax rate Murray's marginal tax rate whoever takes the withdrawal into income the province in which they live
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