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IIAC Applauds Measures to Strengthen Retirement Savings Programs

IIAC Applauds Measures to Strengthen Retirement Savings Programs

Disciplined reforms combined with balanced budget will boost investment and growth 

On behalf of the Investment Industry Association of Canada (IIAC)’s 147 investment dealer member firms, Ian Russell, IIAC President and CEO, strongly endorses measures announced in today’s federal budget to strengthen Canada’s retirement savings programs, including an increase in the annual limit for contributions to Tax-Free Savings Accounts (TFSAs) and a significant reduction in the Registered Retirement Income Funds (RRIFs) minimum annual withdrawal amounts. “These combined changes represent the most cost-effective approach to strengthening the retirement savings process for all Canadians,” Russell says.  

“The government’s move to … Continue reading

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