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Decentralized Democracy

House Hansard - 48

44th Parl. 1st Sess.
March 29, 2022 10:00AM
Context: House Hansard - 48 - Mar/29/22
Hon. Kirsty Duncan
  • Mar/29/22 6:00:44 p.m.
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Mr. Speaker, I welcome my hon. colleague to the House. I look forward to meeting. Our government has undertaken many things for seniors. One of the first things we did was to restore the age of eligibility for OAS back to 65 from 67. I do not want to talk about accomplishments. What I want to say is that the RRIF minimum withdrawal rules were established in 1992 and retirement financial circumstances have changed. The RRIF policy should adapt to the current environment. Canadians are living longer. They are facing longer retirement. Workplace pensions are becoming less common. Interest rates are at a historic low. The reality is that income is going down while retirement costs are going up and fewer adult children are available to provide care to aging parents. We really are facing a perfect storm. The solutions exist. That is why this motion encourages the government to come back to the House within 12 months and give real recommendations and options to help Canadians.
167 words
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