Which of the following statements with respect to Registered Retirement Income Funds (RRIFs) is correct? Earnings accumulate within the RRIF on a tax free basis

Taxation Dec 17, 2020

Which of the following statements with respect to Registered Retirement Income Funds (RRIFs) is correct?

 

		
Earnings accumulate within the RRIF on a tax free basis.



		
An individual can make non-deductible contributions to a RRIF.

		
The minimum annual withdrawal from a RRIF is always determined by dividing the fair market value of the assets in the plan by 90, less the age of the beneficiary at the beginning of the year.







		
A RRIF can only be established by individuals over the age of 71.

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