Current RRIF minimum withdrawal rules put seniors at risk of outliving their savings
The Finance Department is studying RRIFs in response to a House of Commons motion
In many cases, doing nothing is the best option
The proposed regime will allow the CRA to identify accounts that have grown significantly
Let clients know about available assistance
Three topics to discuss with your clients before the end of the year
The Liberals shifted the marker this year, dropping the minimum for each senior by 25%
A tax expert at the IAFP symposium discussed the factors to consider
Many retirees are ineligible for the government assistance being offered during Covid-19
The federal government has lowered the minimum RRIF withdrawal rate for 2020