RRIF
Basic RRIF
3 hour session (half-day)
A lecture style presentation that covers definitions, opening a new RRIF, payment options, successor annuitant, designation of beneficiary, withholding tax, pension income credit.
5 hour session (full day)
With the use of true/false reviews throughout the presentation, workshops, scenario discussions and hands-on form completion, participants will leave with a better understanding of this retirement income option. Content includes definitions, opening a new RRIF, successor annuitant, designating a beneficiary, payment options, withholding tax, pension income credit and options when the annuitant dies.
Advanced RRIF
5 hour session (full day)
Do you have staff needing more in-depth information on the RRIF so that they can assist the aging baby boomers? This session reviews minimum RRIF payment options and its effect on withholding tax, successor annuitant appointment, pension income credit, pension income splitting, estate T4RIFs and third party demands. We will also introduce participants to the Life Income Fund with information on pension jurisdictions, credit union responsibilities and maximum payment restrictions. Also included are scenario discussions and a variety of workshop questions that allows participants to apply their knowledge to ensure their understanding.
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