Although we like to focus on the joy and excesses of the season, a year-end must remind us of some looming deadlines as well. With increasing wealth accumulated in RRSP and RRIF accounts and their punitive tax treatment upon death, it is important to note that there are some time-limited rules that must be respected when distributing funds from the deceased’s registered accounts. Delays could tamper with the spousal and qualifying beneficiary rollover provisions and should be avoided wherever possible.

 

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