If I convert, say, 50% of my RRSP to RIF, is the mandatory withdrawal calculation based on the converted 50% or the total ...

If your client has been waiting to withdraw their RRIF minimum for 2025, they need not wait any longer. The Department of Finance says the Liberals’ election pledge to reduce the mandatory minimum ...

Calls to reduce or eliminate RRIF minimum withdrawal percentages have become a recurring feature of Canadian retirement policy debates. Advocacy groups argue that mandatory withdrawals are outdated.

Budget 2025 doesn’t include the Liberals’ election promise to reduce the mandatory minimum RRIF withdrawal by 25% for one year. It’s “a bit disappointing” that the RRIF measure isn’t mentioned ...

During the federal election campaign earlier this year, the Liberals proposed lowering the minimum amount retirees must take out of their registered retirement income funds by 25 per cent for one year ...

Avoid a large tax bill when you turn 71 by converting your RRSP retirement savings into retirement income with a RRIF. Many or all of the products on this page are from partners who compensate us when ...

The purpose of a meltdown is to draw more money than needed from your RRIF and invest the after-tax difference in an account taxed more favourably in your estate. (Credit: Getty Images/iStockphoto) FP ...

The Liberals held on to power in the recent federal election, and this has tax implications for Canada’s seniors and other taxpayers—in particular, for retirees and their strategies for their ...