Converting Your RRSP to a RRIF: Essential Information You Need to Know
When planning for retirement, Canadians frequently turn to Registered Retirement Savings Plans (RRSPs) due to their tax-advantaged benefits. RRSPs are designed to help you build wealth for retirement by allowing your investments to grow tax-deferred. As you approach retirement, converting your RRSP into a Registered Retirement Income Fund (RRIF) becomes crucial for ensuring a steady … Read more