RRIF minimum withdrawal
Project the prescribed minimum withdrawals of a RRIF and the balance over time, up to age 100.
Prepared by Groupe Conseil Sabin Painchaud
Prepared on September 21, 2026
RRIF minimum withdrawal
RRIF parameters
“This calculator estimates, for informational purposes only, the minimum withdrawals prescribed by the Canada Revenue Agency for a Registered Retirement Income Fund (RRIF), along with a projection of the balance based on a constant hypothetical rate of return. The applicable factor is determined by the age reached on January 1 of each year. No tax on withdrawals is taken into account (RRIF withdrawals are fully taxable as ordinary income). This result does not constitute financial or tax advice; consult your advisor for a personalized analysis.”
Calculation assumptions
- Factors prescribed by the Canada Revenue Agency (2015 budget), applicable to RRIFs established after 1992 — not indexed, unchanged for 2026. For an age under 71, the legal factor is 1 ÷ (90 − age).
- The minimum withdrawal for a given year is calculated on the RRIF balance as of January 1 of that year (before that year’s withdrawal).
- In “Fixed amount” mode, the actual withdrawal is the greater of the desired amount and the prescribed minimum; it cannot exceed the available balance.
- The annual return is applied to the balance remaining after each year’s withdrawal.
- No tax (withholding or tax payable) is taken into account on withdrawals.
- The projection extends to age 100 or until the balance is depleted, whichever comes first.
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