Dec 13, 2016
By Valerie Massie
Advocacy groups are calling for the elimination of mandatory withdrawals from Registered Retirement Income Funds (RRIFs). This, due to the fact that Canadians are living longer. As a result, Zoomer’s savings have to last longer. Conservative MP Kelly McCauley, who is sponsoring an Act designed to alter the Income Tax Act, thus allowing for a related amendment to current RRIF rules weighs in with Libby from Ottawa.