Upon Attaining the Age of 71

question 14

Multiple Choice

Upon attaining the age of 71

• A)you must transfer your RRSP assets to a RRIF.
• B)the assets inside your RRSP must be converted to cash and placed in a RRIF.
• C)you must pay tax on the profits sheltered in your RRSP.
• D)you must start annual withdrawals from your RRIF at a rate of 18 percent of the value of the account.

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Definitions:

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A significant change in the values, norms, and behaviors of a society over time.

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