Designating a Beneficiary FAQs

If you need help on designating a RRIF beneficiary we can answer your questions like these. What happens when I designate my estate as the beneficiary of my RRIF? What happens when I designate a person other than my spouse as the beneficiary of my RRIF? What happens when I designate my spouse or common-law partner as the successor annuitant of my RRIF?

FAQs

• Can I designate more than one beneficiary of my RRSP?
• Can I designate contingent beneficiaries?
• What if I do not designate a beneficiary for my RRSP?
• Can my Power of Attorney alter my account’s designated beneficiary?
• Can I make my RRSP beneficiary designation in my will?
• If my Estate doesn’t have sufficient assets to pay the income taxes owing, can the Canada Revenue Agency go after my RRSP’s Designated Beneficiary for payment?