How can John, who must convert his RRSP to a RRIF at 71, reduce taxes if he keeps working?

1 month ago 10

Some time in the year you turn 71 you must convert your registered retirement savings plan to a registered retirement income fund, purchase an annuity or withdraw your funds.

Q. When I turned 71 years of age, I discovered that the Canadian government required me to transfer all my registered retirement savings plan (RRSP) funds into a registered retirement income fund (RRIF) — or annuity or lump sum — and then gradually withdraw money ...

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How can John, who must convert his RRSP to a RRIF at 71, reduce taxes if he keeps working?

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