I recently retired and withdrew money from my registered retirement income fund. I was surprised that the bank withheld 30 per cent. Is this always the case? No. With a RRIF, the government requires ...

After determining what your ‘mandatory’ income will be, you need a plan to determine the most tax-efficient way to access ...

The federal government should consider eliminating annual mandatory minimum withdrawals governing RRIFs, says the C.D. Howe Institute in a report set to be published Thursday. The current rules that ...

The purpose of a meltdown is to draw more money than needed from your RRIF and invest the after-tax difference in an account taxed more favourably in your estate. (Credit: Getty Images/iStockphoto) FP ...

Last week I attended an invitation only round table organized by Karen Hedlund, Deputy Administrator for the Federal Railroad Administration. The round table was held in conjunction with the High ...

The government and the financial industry both take for granted that savers know what to do with their retirement accounts once they need to take withdrawals, but so much attention is focused on the ...

In instituting new minimum withdrawal amounts for RRIFs, the federal government was responding to complaints that the current persistence of unprecedented low interest rates has RRIF holders fearful ...

With an election just a few months away, the recent federal budget clearly had one eye on eliminating the deficit and one eye on Canada's seniors who — no surprise here — go to the polls in large ...

And those who have worked in the private sector their entire career may have multiple RRSPs from former employer group ...