Should RRIF Minimum Withdrawals Be Abolished? Some argue yes, as the “discriminatory” requirement doesn’t fit the reality of today’s low yields and growing life expectancies Yan Barcelo 6 April, 2021 | 1:45AM These times of infinitesimal interest yields and greater life expectancies are dangerously increasing the chances for seniors of outliving their savings. That’s why commentators believe it is time for the Federal government to cancel minimum withdrawal payouts on RRIFs. For Kelly McCauley, Edmonton West Conservative MP, it’s a question of principle, not only of circumstance. “It is unacceptable and discriminatory to seniors” shoots McCauley, who put forward a motion in 2017 to eliminate the mandatory minimum withdrawal limit on RRIFs. “The liberals voted it down,” he adds.