Quote:
Originally Posted by I-Hate-Hulse
Does anyone have experience with RIF accounts and how they are handled at death when there's a surviving spouse?
Here's the situation: Dad died, leaving my mother as the surviving spouse. It appears he never named her a beneficiary, so his estate was issued a T4RIF. Basically treating this as a non-rollover to surviving spouse situation.
However, back when we wound down my dad's RIF account - they moved his assets to my mom's RIF account. Kind of like they treated it like a spousal rollover in error.
Which leads to:
- Doesn't that mean these assets will be double taxed when it comes to do withdrawals for my mom?
- How do I fix this? And with whom? TD Estates team? TD Investing? CRA?
Also adding to the confusion - My mom was issued a T4RIF, presumably for growth in my dad's RIF, so that seems to suggest they are treating her as a participant in this process.
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HAHAHHAHAHH TD Estates. Good luck with that!. Mind you estates is way better then a branch, don't even bother going in although they require you to go in about 75 times and the person in branch will not have a clue what to do.
My dad had a rif, I think they held back something, but I cannot remember. When locke does his taxes I will find out how much he gets raped.