How the Liberals’ re-election impacts RRIFs, taxes and more - MoneySense

Young Canadians favoured the Liberals this election

Young Canadians favoured the Liberals this election.

How the Liberals’ re-election impacts RRIFs, taxes and more - MoneySense

The Liberals held on to power in the recent federal election, and this has tax implications for Canada’s seniors and other taxpayers—in particular, for retirees and their strategies for their registered retirement income fund (RRIF) this year and possibly in the future. Reduced RRIF minimum withdrawals The Liberals’ primary RRIF proposal is to decrease the minimum withdrawal that is required for 2025. The party announced on April 7, 2025, its in…