Leaving your RRIF to your kids is problematic. You may have $100,000 in your RRIF and presuming you don't have a spouse you will on your demise leave $50,000 to the kids and $50,000 to the CRA. I really want to avoid this scenario hence I am considering delaying CPP and burning up my RRSP balance in a tax efficient manner as I just passed 60. Whether I just take money out of my RRSP or switch it to a RRIF is the question as the latter requires me to take a percentage annually from what I can tell, even at age 60.