The value of all the assets held in your RRIF on the date of your death becomes taxable income, except if all or part of
this amount has been allocated to and included in the income of your legal spouse or common-law partner, or your minor or disabled children and grandchildren who are
financially dependent on you at the time of your death. They can then make a direct or indirect transfer of the amount in your RRIF to their RRSP or RRIF, or they can
use the money to purchase an annuity. You can transfer up to $200,000 from your RRIF to a registered disability savings plan (RDSP) of a child or grandchild with a
disability who is financially dependent on you.