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What is the tax implication if the beneficiary of a RRIF is 3 adult children of the owner of the RRIF?



Our response:

If a Registered Retirement Income Fund (RRIF) beneficiary is not a spouse or common-law partner, or a financially dependent child or grandchild, the entire value of the RRIF will be subject to tax.

Read this previous question to learn more about the tax implications if a non-spouse adult is the RRIF beneficiary.

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