What is RRSPs & RIFs?
A Registered Retirement Savings Plan (RRSP) is a tax-free savings vehicle that drives a comfortable retirement in your golden years. A Registered Retirement Investment Fund (RRIF) is an extension of an RRSP. The year that you turn 71, you must withdraw the money from your RRSP.
Types of RRSPs & RIFs
Mutual fund RRIF
Segregated fund RRIF
Fully managed RRIF
Benefits of RRSPs & RIFs:
There are so many benefits of RRSPs & RIFs that should be as follows:
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