Organizations like CARP and CPA Canada have been lobbying for years to lower the rate of, or even eliminate, mandatory RRIF withdrawals. On Tuesday, part of their efforts paid off.
Tuesday's federal budget received both positive and negative reactions.
The Investment Industry Association of Canada (IIAC) has applauded measures announced in yesterday’s federal budget, particularly the increase in the TFSA contribution limit and the reduction to RRIF minimum withdrawal amounts.
Federal Finance Minister Joe Oliver reported a $1.4 billion surplus in a long-promised balanced and pre-election budget he delivered here Tuesday.
There weren’t many surprises in the 2015 federal budget, which includes changes to TFSA contribution limits and the amount seniors will be required to withdraw from registered retirement income funds (RRIFs).
Liberal and New Democrat politicians are criticizing the government’s plans to increase TFSA contribution room, a move expected in the 2015 Budget.
Finance Minister Joe Oliver has promised the books will be balanced when he tables his federal budget on April 21.
The Government of Ontario has reintroduced its budget that includes the proposed Ontario Retirement Pension Plan.
Ontario's budget unveiled details about an Ontario Retirement Pension Plan and legislation for pooled registered pension plans (PRPPs) and received mixed reaction.
A group representing federal retirees say they feel "betrayed" by the decision by the 2014 budget, which will double Public Service Health Care Plan premiums.