What statement pertaining to a RRIF is correct? a) The earliest age a RRIF...
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Finance
What statement pertaining to a RRIF is correct?
a The earliest age a RRIF can be established is the year in which the annuitant turns years of age.
b Generally, where a child of the annuitant is named as the beneficiary under a RRIF, the designated benefit he or she receives following the death of the annuitant is taxable to the deceased annuitant.
CUnlike an annuity, establishing a RRIF guarantees the annuitant will receive an income stream for the duration of his or her life.
dThe common shares of a publicly traded company and the shares of a precious metals mutual fund are ineligible investments for purposes of a RRIF.
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