What is a spousal RRIF?

When a spousal RRSP is converted to a RRIF, it becomes a spousal RRIF. Since the account holder is not the person who contributed to the spousal RRSP, withdrawals will be made by the account annuitant.

As with a regular RRSP, contributions to a spousal plan continue until the end of the year in which the contributing spouse turns 71.

Keep in mind that if a spouse contributes to a spousal RRSP during the year it is converted to a RRIF or either of the two preceding years, they may have income attributed to them if the annuitant withdraws more than the minimum annual withdrawal for that year.

Do you have more questions?

Our agents will be pleased to answer any questions you may have at:

Legal Notes
Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the Website fondsftq.com, from a local representative or at the offices of the Fonds de solidarité FTQ. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account income taxes payable by any security holder that would have reduced returns. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.