RRSPS Can Be Taxed at Death – But They Don’t Have To Be
Registered retirement savings plans (RRSPs) continue to be a major part of Canadians’ assets. In 2015, the average contribution amount rose from $3,737 to $4,117 for the 53% of Canadians that contributed to an RRSP1. But what happens to clients’ RRSPs when they die? They may not know about a major tax hit that can […]