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.
Transfer RRSP to a RRIF. At age 65 transfer $12,000 to a RRIF and take $2000 out per year from age 65 to 71(inclusive). This essentially allows you to get $2000 out of your RRSP tax-free for 6 years. Whether you need the income or not, it is an opportunity you do not want to miss.