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

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.