Field hockey reached its modern form in the 19th century as a game played between two teams of eleven players each. Teams compete on a standard 100 x 60 yard field and attempt to score goals by hitting a ball off the ground into a net guarded by the opposite teamâs goalkeeper.
Prior to 2007, it was required that a Registered Retirement Savings Plan (RRSP) be converted to a Registered Retirement Income Fund (RRIF) by the end of the year in which the owner turned 69. The 2007 Federal budget revised this age to 71, for both RRSPs and RPPs.
If RRSP savings are not put into a tax-deferred income plan by that time, the entire value of the RRSP becomes taxable income. A registered retirement income fund, or RRIF, is one of the most common options Canadians choose to convert RRSP savings to tax-deferred income.fter years spent paying into a registered retirement savings plan (RRSP), investors eventually have to use the funds as post-retirement income. RRSPs must be collapsed by Dec. 31 of the year in which the holder turns 71.