The draft legislation to put the new RRIF rules into law includes a provision stating that the old rules still apply in three situations
New minimum withdrawal rules for RRIFS will allow retired Canadians to preserve up to 50% more capital to age 90
Expected federal budget surplus may lead to changes
Modern longevity and investment returns spell trouble for holders of RRIFs
Firms are refunding the 1% monthly penalty tax collected since March
Government to review impact of policy on seniors
Couples may have options for reducing taxes by keeping mandatory RRiF withdrawals low
Report calls for removal of RRSP age restrictions, reduced tax rates for RRIFs
The first boomers are entering retirement, leading to more requests for advice on RRIFs
Tax agency reports surge in questionable RRSP and RRIF tax-free withdrawal schemes