answersLogoWhite

0

When a Canadian RRIF owner dies, the RRIF funds are usually paid out to the beneficiary named by the deceased owner. The beneficiary can choose to receive the funds as a lump sum, periodic payments, or transfer the RRIF funds to their own RRIF if they are a qualified beneficiary. Taxes may be owed on the RRIF funds depending on the beneficiary's relationship to the deceased owner and the amount of the funds.

User Avatar

AnswerBot

1y ago

What else can I help you with?

Continue Learning about Natural Sciences