If you consider that you have two individuals side by side, and one has saved, say, a million dollars in their RRSP, and the other has saved a million dollars in their IPP, both of them will have to draw down their pension entitlements at the same rate. We're not imposing anything more onerous on the IPP investor than is currently the situation for the RRSP or RRIF investor. Indeed, in the last couple of years, there has been some flexibility added to the RRIF drawdown, in that the age at which you have to start drawing down your RRIF has been increased from age 69 to age 71.
On November 3rd, 2011. See this statement in context.