Mr. Speaker, our seniors saw millions in hard-earned savings wiped out when the Conservatives broke their word and taxed income trusts several years ago. Now the government is sticking it to them again.
Seniors born in 1940 must convert their RRSPs into RRIFs this year, but the bottom has fallen out of the market, so their RRSPs have lost value and some have incurred substantial losses.
Will the minister allow them to wait to convert their RRSPs so they can at least try to rebuild their value?