PINKNEY FINANCIAL SERVICES
Spousal Registered Retirement Income Fund
Retirement & Pensions
RRIFs
A RRIF is a type of retirement account that allows individuals to convert their Registered Retirement Savings Plan (RRSP) or other eligible retirement savings into a source of income during retirement. If you own RRSPs, you must convert your RRSPs to a RRIF or RRIFS before the end of the year you turn 71. When you do this, you are directly transferring funds from your registered accounts to a RRIS. Your investments will not be taxed while they are in a RRIF. However, you must pay tax on your withdrawals.
Spousal RRIFs
A spousal RRIF allows individuals to allocate a portion of their RRIF income to their spouse or common-law partner, potentially resulting in income splitting and reduced taxes.
additional INFORMATION
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Proudly Serving Fort McMurray Since 1995
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Our location
Pinkney Financial Services
9903 Franklin Avenue, Unit 109Fort McMurray, AB T9H 2K4
Opening Hours
Mon -Fri 8am-5pm
Sat 9am-5pm
Sun 10am-4pm
Contact
Phone: 780-743-4368