Do government rules discourage low income people from saving?
People must liquidate RRSPs and TFSAs before getting benefits.
People must liquidate RRSPs and TFSAs before getting benefits.
The Wealthy Boomer reports on a CD Howe Institute brief that says the current system which forces people to liquidate RRSPs and TFSAs before getting benefits such as welfare and disability payments discourages saving.
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