The statement that is true about Marta’s situation is option D. A registered retirement income fund

(RRIF) is a type of registered account that provides income in retirement by converting savings from

an RRSP or other sources. A RRIF holder must withdraw a minimum amount from their RRIF each

year, starting from the year after they open their RRIF. The minimum amount is calculated based on a

percentage factor set by the Canada Revenue Agency (CRA) and the value of the RRIF at the

beginning of each year. However, due to the COVID-19 pandemic, the CRA has reduced the required

minimum withdrawals from RRIFs by 25% for 2020 and 2021. Therefore, Marta does not have to

withdraw the minimum amount this year if she chooses to take advantage of this temporary

measure. Therefore, option D is true about Marta’s situation. The other statements are not true

about Marta’s situation. Option A is false because she will not be able to continue contributing to her

RRIF and be subject to the same annual limits as her RRSP; rather, she will not be able to make any

further contributions to her RRIF once she converts her RRSP to a RRIF. Option B is false because she

will not incur a tax liability when she converts her RRSP to a RRIF; rather, she will only pay tax on the

amount that she withdraws from her RRIF each year. Option C is false because she will not be subject

to annual maximum withdrawal limits; rather, she will be able to withdraw any amount from her

RRIF as long as she meets the minimum withdrawal requirement. Reference: [Registered Retirement

Income Fund (RRIF) | GetSmarterAboutMoney.ca], [Making RRIF withdrawals |

GetSmarterAboutMoney.ca], [RRIF minimum withdrawal factors], [RRIFs: Temporary 25% reduction

in minimum withdrawals for 2020 and 2021]