The reason is that less cash in a registered retirement income fund means less money to which the minimum withdrawal applies. (lifeoncredit.ca)
Help for seniors is expected through changes to registered retirement income fund rules and a long - promised doubling of the $ 5,500 annual limit on tax - free savings accounts. (moneysense.ca)
To this, seniors may want to move cash from their RRSP or registered retirement income fund to a tax - free savings account. (lifeoncredit.ca)