IIAC calls for higher RRSP, TFSA limits

The Investment Industry Association of Canada (IIAC) is calling on the federal government to cut capital gains taxes and increase contribution limits for RRSPs and TFSAs in the upcoming budget.

The IIAC is also calling for greater flexibility for retirees to access their RRIFs, reducing the mandatory withdrawal rates, and the elimination of payroll taxes on contributions to group RRSPs.

The industry group says it expects the government will meet or beat its deficit reduction target, with spending cuts to be rolled out over the next two years.

The federal budget will be tabled on March 22. As always, Advisor.ca will issue a special report that night, delving into what it means to you and your clients.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.