Report: Registered Retirement Income Funds and Minimum Withdrawal Requirements – Report to Parliament
The Government of Canada is pleased to table this report, which responds to the Private Member’s Motion M-45, introduced by the Hon. Kirsty Duncan (Etobicoke North, LPC), and passed in the House of Commons on June 15, 2022, stating that: a) the House recognizes that: i. seniors deserve a dignified retirement free from financial worry, ii. many seniors are worried about their retirement savings running out, iii. many seniors are concerned about being able to live independently in their own homes; and b) in the opinion of the House, the government should undertake a study examining population aging, longevity, interest rates, and registered retirement income funds, and report its findings and recommendations to the House within 12 months of the adoption of this motion. This report is focused on Registered Retirement Income Funds (RRIFs), including the conversion age, minimum withdrawal rates and whether the underlying assumptions regarding rates of return, inflation and longevity continue to be appropriate.
-
By
Government of Canada
-
Published
Jul 26, 2023
-
Subject Area
- Safety, Security, Finances, & Personal Planning
-
Audience
- Caregivers, Seniors & Volunteers
- Service Providers (Non-profits, Community Organizations, Local government)
- Government
-
Category
- Policy, Planning, & Procedures
- Research & Evidence
Newsletter
Sign up for the Healthy Aging CORE Alberta e-news to keep up-to-date with activity from the platform and the Community-Based Seniors Services (CBSS) sector across the province.