Petition to the Government of Canada
Seniors are the most vulnerable to the COVID-19 pandemic;
Seniors on fixed incomes have incurred extra expenses due to COVID-19; and
Retirement Savings Plan (RSP) valuations have decreased in many cases due to economic downturn.
We, the undersigned, seniors and concerned citizens of Canada, call upon the Government of Canada to allow seniors to withdraw RSP funds without any tax implications to help offset rising expenses due to COVID-19 without having to deplete savings such as tax free savings accounts and to help offset the reduction in the value of their RSP, especially if their holdings are in the stock market, such as mutual funds.