Registered Retirement Savings Plans and Registered Retirement Income Funds (RRSPs/RRIFs)

COVID-19: Minimum withdrawals amounts reduced by 25%

The minimum required withdrawal for all types of registered retirement income funds (RRIFs) has been reduced by 25% for the year 2020. This change also applies to individuals receiving variable benefit payments from a money purchase registered pension plan (RPP) and a pooled registered pension plan (PRPP). This change does not apply to minimum withdrawals from Individual Pension Plans.
Get more details under Registered Retirement Income Funds (RRIFs) minimum withdrawal reduced.

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