Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget

Summary:
Page Title:Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget – C.D. Howe Institute
Article Title:Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget
URL:https://cdhowe.org/publication/drawing-down-our-savings-prospects-rrif-holders-following-2015-federal-budget/
Published Date:July 2, 2015
Accessed Date:February 9, 2025

The 2015 federal budget’s reduction of the mandatory minimum withdrawals from registered retirement income funds (RRIFs) and similar tax-deferred accounts will reduce the risk that many Canadians will outlive their savings. Yet with yields on safe investments so low, and longevity continuing to increase, the risk is still material, according to a new C.D. Howe Institute report. In “Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget,” authors William B.P. Robson and Alexandre Laurin commend the government’s recent change to RRIF rules but urge them to go further.

Membership Application

Interested in becoming a Member of the C.D. Howe Institute? Please fill out the application form below and our team will be in touch with next steps. Note that Membership is subject to approval.

"*" indicates required fields

Please include a brief description, including why you’d like to become a Member.

Member Login

Not a Member yet? Visit our Membership page to learn more and apply.