Mrs. Yus is 96 years old. She has a RRIF which was established in 1985. On January 1, 2020 the adjusted cost base of her RRIF is $50,000 and the fair market value is $62,000. Her minimum withdrawal for 2020 is:
A) $12,400.
B) $10,333.
C) $10,000.
D) $8,333.
Correct Answer:
Verified
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