Question: Your client has turned 71 this year and he has come to you for advice on how to best handie his maturing liscs You advise
Your client has turned 71 this year and he has come to you for advice on how to best handie his maturing liscs You advise him that he can do any of the following, except: Select one: a. Transfer in-kind to a payout RRIF b. Transfer 50% of his RRSP to his spouse c. Withdraw some money. pay the tax, transfer the balance to a life annuity d. Transfer tax-free to a life annuity
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