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Monday, February 13, 2006 Canada's retirement income programs: ErratumSome of the information in The Daily release of February 7, 2006 concerning people who cashed in registered retirement savings plans (RRSP) savings under the Home Buyers Plan requires clarifying. The text referred to nearly 1.4 million holders of registered retirement savings plans aged 25 to 64 who cashed in RRSP savings under the Home Buyers Plan (HBP) to help finance the purchase or building of a home. This estimate represents the number who did so since the inception of the program, not only those who did so in 2004 as the text implied. In addition, about 49,000 individuals withdrew close to $363 million from their RRSP under the Lifelong Learning Plan (LLP) to finance full-time education or training since the inception of the LLP, and not only for 2004. The statistics related to these programs are based on a file of tax returns received and processed in September 2005 for the 2004 tax year. We regret any inconvenience caused to our users by this lack of clarity. For more information, contact Client Services (1-888-297-7355; 613-951-7355; fax: 613-951-3012; income@statcan.gc.ca), Income Statistics Division. |
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