Mr. Speaker, seniors in my riding are trying to plan their budgets with the withdrawal rates of RRIFs in mind. Back in April, the government announced that it would reduce minimum withdrawals from RRIFs for 2020 by 25%. Today, COVID-19 is still hurting investments and many seniors are wondering how this will affect their RRIF withdrawals in the future.
Will the government be transparent with our seniors and let them know what its plan is for RRIF withdrawals after 2020?