{"id":1310,"date":"2015-07-01T10:06:52","date_gmt":"2015-07-01T15:06:52","guid":{"rendered":"http:\/\/www.lifeannuities.com\/blog\/?p=1310"},"modified":"2015-07-01T10:06:52","modified_gmt":"2015-07-01T15:06:52","slug":"does-new-rrif-legislation-in-the-2015-budget-help-you","status":"publish","type":"post","link":"https:\/\/lifeannuities.com\/blog\/retirement\/does-new-rrif-legislation-in-the-2015-budget-help-you","title":{"rendered":"Does new RRIF legislation in the 2015 budget help you?"},"content":{"rendered":"<p><strong>RRIF:<\/strong> Changes to the <a href=\"http:\/\/www.lifeannuities.com\/rrif-withdrawal.html\">RRIF minimum withdrawal<\/a> amounts are designed to let you preserve more of your retirement savings and most companies will adjust your <a href=\"http:\/\/www.lifeannuities.com\/articles\/2015\/new-2015-rrif-withdrawal-minimum-table.html\">minimum income<\/a> as of January 1 2016.<\/p>\n<p><a href=\"http:\/\/www.lifeannuities.com\/_images\/2015-rrif-minimum-withdrawals.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-1311\" src=\"http:\/\/www.lifeannuities.com\/blog\/wp-content\/uploads\/2015\/07\/2015-rrif-minimum-withdrawals-sm.jpg\" alt=\"2015-rrif-minimum-withdrawals-sm\" width=\"150\" height=\"329\" \/><\/a>But if you are drawing income from a RRIF\/LIF, you could benefit from reduced minimums starting now.<\/p>\n<p>While a RRIF now allows you to shelter more capital it results in less income . And is that what you want? All tax sheltered income is taxable at the 2nd death of a couple, so is taking less worthwhile? You can leave tax-paid capital and goods to your beneficiaries, so it is your tax sheltered investments that you should use before you use any non-registered funds.<\/p>\n<p><a href=\"http:\/\/www.lifeannuities.com\/articles\/2015\/best+2015+rrif+interest+rates+20150623.html\">Click here for the Best 2015 RRIF Interest Rates <\/a><\/p>\n<p><strong>TFSA:<\/strong> Thanks to proposed budget changes, you can now contribute up to $10,000 annually to a TFSA (Tax-Free Savings Account). Boost your contribution to enjoy increased tax-free savings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RRIF: Changes to the RRIF minimum withdrawal amounts are designed to let you preserve more of your retirement savings and[&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":1311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[269,120,274,41,12,91,273,268,37,272,271,45,40,287,36,123,270,209,38],"class_list":["post-1310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement","tag-269","tag-best","tag-factors","tag-fund","tag-income","tag-interest","tag-legislation","tag-lif","tag-minimum","tag-penion","tag-provincial","tag-rates","tag-registered","tag-retirement","tag-rrif","tag-savings","tag-tfsa","tag-withdraw","tag-withdrawal"],"_links":{"self":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1310","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/comments?post=1310"}],"version-history":[{"count":2,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1310\/revisions"}],"predecessor-version":[{"id":1313,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/posts\/1310\/revisions\/1313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media\/1311"}],"wp:attachment":[{"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/media?parent=1310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/categories?post=1310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeannuities.com\/blog\/wp-json\/wp\/v2\/tags?post=1310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}