Wilma's RRSP is substantially smaller because she has minimal RRSP contribution room because she is a member of a DBPP. The value of her RRSP is $20,000 and has been earning an average of 5%. Wilma has been contributing $100 per month and plans to continue these contributions until her retirement. 

How much would be the minimum withdrawal from Fred and Wilma's RRIF account at age 72 if they were to convert their personal RRSPs to RRIF on July 15th in the year they turn 71?

Answer rating: 100% (QA)

To calculate the minimum withdrawal from Fred and Wilmas RRIF Registered Retirement Income Fund acco... View the full answer