On April 21, 2015 the Canadian Government’s Economic Action Plan 2015, introduced lower withdrawal minimums for RRIFs starting in 2015 and going forward for clients between ages of 71 to 94.

The impact of this change should be minimal as most companies will continue to payout their previous RRIF minimum amount for 2015, and make the new reductions effective in January 2016.

If you would like to take advantage of the lower RRIF minimum, give us a call and we will help you facilitate it.