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Why Not 75 Years Old?
Tuesday, February 22nd, 2022
… since the creation of the RRSP in 1957, the age limit of 71 has never been raised… Given the sharp increase in life expectancy, the age limit of 71 years for converting an RRSP into a RRIF needs to be lifted… this type of change would optimize the mechanics of pension plans, and also encourage Canadians to remain in the workforce, which improves health and also helps with Canada’s looming labour shortage.
Tags: budget, economy, participation, pensions, tax
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