RRIF minimum withdrawals calculator

See your required minimum RRIF withdrawals year by year.

Prepared forName (optional)Shown only on the printed report. Not saved or sent anywhere.Your advisorTheir name and contact details appear on the printed report.

Your RRIF

RRIF value at start of yearYour age at January 1Expected returnProject to ageExtra annual withdrawal (optional)Above the minimum

Base the minimum on your spouse's or common-law partner's age?You can choose this when you set up the RRIF. A younger spouse's or partner's age gives a lower minimum.

NoYes

Spouse's or partner's age at January 1 Was the RRIF set up this year?There is no minimum in the year a RRIF is set up.

NoYes

Year by year

Age	Start balance	Minimum %	Minimum	Growth	End balance

Notes and sources

Minimum factors as of November 2, 2026: age 70 or under, 1 divided by (90 minus age); age 71 and over from the CRA chart (5.28% at 71, up to 20% at 95 or older). Uses the "All other RRIFs" column. Source: CRA, Chart: Prescribed factors (opens in a new tab).
No tax is withheld on the minimum amount, but all RRIF withdrawals are taxable income. Amounts above the minimum have tax withheld. Source: CRA, Frequently asked questions (RRSPs/RRIFs) (opens in a new tab).
Assumes growth on the start-of-year value and withdrawals at the end of the year.

Your estimate

Minimum withdrawal this year ()$0

Total withdrawals to age
Total growth
Value at end

This is an estimate for illustration only and is not advice. Results depend on the figures and assumptions entered. Your information stays on this device and is not sent anywhere.

The information provided is based on laws, regulations, and other rules applicable to Canadian residents and is believed to be accurate as of the date of publication. Changes in legislation, regulations, or their interpretation may affect the accuracy of this information. The information is general in nature and is not intended to address any specific situation. It should not be relied upon as a substitute for professional advice. Individuals should consult with appropriate legal, accounting, tax, or other professional advisors regarding their particular circumstances.

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ENCOMPASS Estate & Business Solutions Ltd.

RRIF Minimum Withdrawals

This is an estimate for illustration only and is not advice. Results depend on the figures and assumptions entered. Please speak with your advisor before making any decisions.

Genadiy Selivanov, BSc, MBM
Insurance Advisor, Investment Representative
ENCOMPASS Estate & Business Solutions Ltd.
Cell: (250) 486-7768 · Email: genadiy@encompasss.ca
encompasss.ca

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