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View Mona Fortier Profile
Lib. (ON)
View Mona Fortier Profile
2020-04-20 14:40 [p.2190]
Mr. Speaker, as I said earlier, we will continue to support seniors and provide some flexibility when it comes to the withdrawal requirements for registered retirement income.
We are lowering the minimum RRIF withdrawal amounts by 25% for 2020. This will help keep assets in RRIFs during this time of market volatility. In addition, seniors who have stopped working because of COVID-19 are eligible for the Canada emergency response benefit, which provides $2,000 a month.
We will continue to support seniors during this very difficult time.
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