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9. On January 1, 2019, Mr. Alex Cox transfers all of his RRSP funds into a RRIF, Mr.Cox is 65 years old on that date. The fai
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Minimum Withdrawal Balance Calculation or Explanation
2019                                             25,800.00 645000*4=25800,Since in 2019 4% as age is 65 years
2020                                             27,868.11 668300*4.17=27868.11,Since in 2020 4.17% as age is 66 years
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