moved for leave to introduce Bill C-301, An Act to amend the Income Tax Act and to make a related amendment to another Act (registered retirement income fund).
Mr. Speaker, I would like to thank the member for Elgin—Middlesex—London for seconding this important piece of legislation.
This bill would remove the mandatory minimum withdrawal requirements from registered retirement income funds, enabling seniors to save their hard-earned money for when they need it most and manage their savings as they see fit. Seniors should not be penalized for saving their money for retirement. This is why I look forward to the support of all my hon. colleagues for this particular legislation that would help our seniors.
(Motions deemed adopted, bill read the first time and printed)