Last updated May 12th, 2020
Minimum RRIF withdrawals
Required minimum withdrawals from RRIFs have been reduced by 25 per cent for 2020.
Who can apply: Anyone with RRIFs.
Available: Currently available.
On May 12th 2020, Seniors Minister Deb Schulte announced funding to help seniors struggling financially because of COVID-19. Seniors who qualify for Old Age Security (OAS) will be eligible for a one-time, tax-free payment of $300, and those eligible for the Guaranteed Income Supplement (GIS) will get an extra $200. Those eligible for both will receive $500.