The RRIF Goes to One Child. The Tax Bill Goes to Everyone Else.
Jason RideoutPublished on: 19/10/2026
When a RRIF is paid to a named beneficiary, the bank withholds no tax, but the estate still owes it. Here's how that rewrites your will, and how to prevent it.
RRIF named beneficiary taxRRSP beneficiary designation tax on deathwho pays tax on RRIF after death CanadaRRIF paid to beneficiary no tax withheldestate pays tax on RRSPsection 160.2 beneficiary liabilityNew Brunswick estate planningexecutor tax liability RRIFRRSP RRIF beneficiary designation vs willequalization clause will RRIFclearance certificate executor Canadadoes the bank withhold tax when a RRIF is paid to a beneficiarycan CRA collect estate tax from the RRIF beneficiaryRRIF left to one child estate split equallyNew Brunswick top marginal tax rate on RRIF at death
