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Canada Friday, September 22, 2017

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Note: The 2016 and 2017 RRIF Withdrawal rates are the same.

 

 

2017 RRIF Withdrawal Rates

 

 

 

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 minimum withdrawal calculator

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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%

 

 

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