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Ukraine Claims Russian Summer Offensive Falls Short of Strategic Goals

A firefighter works at the site of an apartment building hit during a Russian drone and missile strike, amid Russia's attack on Ukraine, in Zaporizhzhia, Ukraine in this handout picture released August 30, 2025. Ukraine’s armed forces have declared that Russia’s much-publicized summer offensive failed to secure full control of any major Ukrainian city, despite Moscow’s claims of significant territorial gains. Russian Chief of General Staff Valery Gerasimov stated that since March, Russian forces had captured over 3,500 square kilometers of territory and taken control of 149 settlements. However, Ukraine’s General Staff dismissed these figures as “grossly exaggerated,” asserting that no major urban centers were fully occupied by Russian troops. Military analysts note that Russia’s campaign, aimed at seizing the Donbas region and forcing Ukraine into concessions, devolved into a slow, attritional struggle rather than the decisive breakthrough Moscow had anticipated. While Russian ...
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Demystifying Registered Retirement Income Funds (RRIFs): Separating Facts from Fiction

 

A Registered Retirement Income Fund (RRIF) is a popular choice among Canadian retirees for managing their retirement savings. However, there are several misconceptions about RRIFs that can lead to confusion. Let’s explore some key facts and debunk common myths.

Fact: RRIFs Provide a Steady Income Stream

RRIFs are designed to convert your Registered Retirement Savings Plan (RRSP) into a steady income stream during retirement. By the end of the year you turn 71, you must convert your RRSP into an RRIF or another retirement income option.

Fiction: You Can Continue Contributing to an RRIF

Once you convert your RRSP to an RRIF, you cannot make additional contributions. However, your investments within the RRIF can continue to grow tax-deferred until they are withdrawn.

Fact: Minimum Withdrawals Are Mandatory

The Canadian government requires you to withdraw a minimum amount from your RRIF each year, starting the year after you establish the RRIF. The minimum withdrawal amount increases with age.

Fiction: RRIF Withdrawals Are Tax-Free

While the investments within an RRIF grow tax-deferred, the withdrawals are considered taxable income. This means you will pay taxes on the amounts you withdraw, similar to how you would with an RRSP.

Fact: Flexibility in Withdrawals

RRIFs offer flexibility in how you withdraw your funds. You can choose to receive payments monthly, quarterly, or annually, and you can adjust the amount you withdraw, provided it meets the minimum requirement.

Fiction: You Can Only Have One RRIF

You can have multiple RRIFs if you choose. This can provide additional flexibility in managing your retirement income and investment strategies.

Understanding the facts about RRIFs can help you make informed decisions about your retirement planning. By separating fact from fiction, you can better navigate your financial future and ensure a steady income stream during your retirement years.


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