Canada: Reduced minimum withdrawals for Registered Retirement Income Funds
canada.ca (25.03.2020)
Ottawa’s measures will reduce the amount Canadians will be mandated to withdraw by 25 per cent this year amid concerns seniors will be forced to sell assets into a heavily discounted market, thus reducing the potential long-term value of their retirement portfolios in the event of an equity market resurgence. The Canadian government said the measure would cost $495 million of its $82-billion economic response plan announced on Wednesday.