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New Member
posted Apr 5, 2023 8:27:00 AM

Is there tax payable on RIF paid out at death?

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1 Replies
Moderator
Apr 10, 2023 4:01:51 PM

Unfortunately, yes. If you are the beneficiary of the RIF, you don't pay tax on the amount you recieve. But the deceased person does pays tax on the amount.