2016 RRIF Withdrawal Rates

By Ivon T Hughes

2016 RRIF Withdrawal Rates

Under the law, Canadians aged 71 must convert their RRSP into a RRIF or an annuity. Below are the minumum percentages Canadian seniors must draw down their RRIFs annually commencing no later than age of 71.

RRIF Withdrawal Calculator

Please select an item.

Please select an item.

Please select an item.

2016 RRIF Minimum Withdrawal Table

Age
(at start of year)
New Factor (%)
2016
60 3.33%
61 3.45%
62 3.57%
63 3.70%
64 3.85%
65 4.00%
66 4.17%
67 4.35%
68 4.55%
69 4.76%
70 5.00%
71 5.28%
72 5.40%
73 5.53%
74 5.67%
75 5.82%
76 5.98%
77 6.17%
78 6.36%
79 6.58%
80 6.82%
81 7.08%
82 7.38%
83 7.71%
84 8.08%
85 8.51%
86 8.99%
87 9.55%
88 10.21%
89 10.99%
90 11.92%
91 13.06%
92 14.49%
93 16.34%
94+ 18.79%
95 & over 20.00%
Ivon T Hughes

About the Author

Ivon T. Hughes

Ivon T Hughes is a leading expert on life annuities in Canada. His website LifeAnnuities.com has different financial products and has been a recognized authority since 1972.

GET AN ANNUITY QUOTE RIGHT NOW

Let's start the conversation!

Get a free annuity quote today.
We compare the best annuity rates in Canada! There is no cost or obligation and your privacy is guaranteed.

The Hughes Trustco Group | Website: LifeAnnuities.com | Email: info@trustco.ca