My wife passed away recently. Her RRIF was to start in January. Can I take more than the minimum before it is transferred to me?

If you were named as the beneficiary, you can inherit the Registered Retirement Income Fund (RRIF) tax free. If you were named as the “successor annuitant”, you can take over the RRIF and automatically start receiving payments from it after your wife’s passing. The rules relating to being a “successor annuitant” are described in this article.

Speak to a registered financial advisor, tax professional or estates lawyer for advice about the best options for you, and find out more about making withdrawals from your RRIF..