RRIF annual withdrawal schedule

A registered retirement income fund (RRIF) is an account registered with the federal government. You can convert your RRSP to a RRIF any time, as long as you do so by December 31 of the year you turn 71.

In the calendar year after you open a RRIF, you have to start withdrawing money from it. The minimum amount is based on your age and a percentage of the value of your RRIF on January 1.

AgeRRIF Factors
552.86%
562.94%
573.03%
583.13%
593.23%
603.33%
613.45%
623.57%
633.70%
643.85%
AgeRRIF Factors
654.00%
664.17%
674.35%
684.55%
694.76%
705.00%
715.28%
725.40%
735.53%
745.67%
AgeRRIF Factors
755.82%
765.98%
776.17%
786.36%
796.58%
806.82%
817.08%
827.38%
837.71%
848.08%
AgeRRIF Factors
858.51%
868.99%
879.55%
8810.21%
8910.99%
9011.92%
9113.06%
9214.49%
9316.34%
9418.79%
95+20.00%

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For more information please contact your MD Advisor