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

11 Pages Posted: 10 Jul 2015

Date Written: July 2, 2015

Abstract

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.

Keywords: Retirement Income and Saving; Pensions

JEL Classification: D91, J32

Suggested Citation

Robson, William B. P. and Laurin, Alexandre, Drawing Down Our Savings: The Prospects for RRIF Holders Following the 2015 Federal Budget (July 2, 2015). C.D. Howe Institute ebrief No. 210, Available at SSRN: https://ssrn.com/abstract=2628358 or http://dx.doi.org/10.2139/ssrn.2628358

William B. P. Robson (Contact Author)

C.D. Howe Institute ( email )

67 Yonge Street
Suite 300
Toronto, Ontario M5E 1J8
Canada
416-865-1904 (Phone)
416-865-1866 (Fax)

HOME PAGE: http://www.cdhowe.org

Alexandre Laurin

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

HOME PAGE: http://www.cdhowe.org

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