Many people don’t realize that on the last death, assets in registered plans like RRSPs and RRIFs are added to the deceased’s income. This creates a substantial tax burden that could hit 53% in Ontario. It doesn’t have to be this way. Sometimes it makes sense to use extra income in your RRIF to prepay those taxes at a fraction of the cost. Let us show you the strategies so you can decide for yourself if it makes good sense for you.