Relaxed rules on retirement savings plans, to new tax credits

Click here to listen to the CBC, Ottawa Morning podcast posted on April 22, 2015, featuring a commentary from Janet Gray, CARP’s Ottawa Chapter Chair responding to the federal budget, saying that it was a step in the right direction. Gray says that the change in RIFF rules reflects a reality for many Canadians who are now living longer, need greater flexibility to access their funds and helps to overcome financial downturns in the economy. At the same time, Gray points that there needs to be more supports in place for single seniors and older workers, and a need for a national pharmacare program to make sure that provinces coordinate purchasing power and create better access to all Canadians.

 

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