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WebMar 24, 2024 · To open a RRIF, you will fill out an application form. You can buy ETFs and trade stocks for free in your RRIF. No commission or minimum amount is required. Qtrade Use promocode “BONUS150” Qtrade Direct Investing Get up to a $150 sign-up bonus (low-hurdle and quick-pay). Use promocode BONUS150 Conditions apply. Offer ends June, … WebLike a RRIF and a LIF, a PRIF has a minimum amount that must be withdrawn each year. However, its funds are not locked-in. In Newfoundland, LIFs and locked-in retirement income funds (LRIFs) are available. An LRIF is also a special RRIF whose funds are “locked-in”, and which imposes a cap on how much can be withdrawn in a year. WebMar 3, 2024 · First, enter your Canadian pension income in Wages & Income > Retirement Plans & Social Security > Canadian Pension Incom e (screenshot). Then, in the Foreign Tax Credit section, you will report this amount as 'General Category ' income and the amount of tax paid on the income. Click this link for more info on Claiming the Foreign Tax Credit. campbell river friendship quilters