Which of the following statements with respect to Registered Retirement Income Funds (RRIFs) is NOT correct?
A) Withdrawals from a RRIF are not eligible for pension income splitting.
B) Withdrawals from a RRIF are eligible for the pension Income tax credit.
C) An individual can have multiple RRIFs.
D) Registered Pension Plan balances can be transferred to a RRIF on a tax free basis.
Correct Answer:
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