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How to manage RRIF withdrawals tax-efficiently to avoid ‘a hefty penalty’

Published on: February 14th, 2023

Written by Alison MacAlpine, as published in The Globe and Mail, February 13, 2023.

What goes into a registered retirement savings plan (RRSP) must eventually come out and be taxed as income. Often, that happens after the RRSP has been converted into a registered retirement income fund (RRIF), at which point a specific percentage must be withdrawn every year.

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