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RRIF Minimum Withdrawals

2017 LIF Minimum & Maximum Withdrawal Rates

 

Life Income Funds (LIF)

 

A Life Income Fund (LIF) or locked-in retirement income fund (LIRF) are similar to a RRIF, but for funds that originally came from a pension plan.

 

The funds are held in either a locked-in retirement account (LIRA) or a locked-in RRSP and then converted to a LIF.

 

While different provinces have different rules, both LIFs and LRIFs have both minimum and maximum annual withdrawal amounts.

 

 

Table: LIF Minimum & Maximum Withdrawal Rates

Age as at:

Jan, 2017

Minimum

Withdrawal

Maximum Withdrawal

ON, NB, SK
NL, BC, AB

Maximum Withdrawal)

QC, MB, NS

Maximum Withdrawal

Federal/PBSA

50 2.50% 6.27% 6.10% 4.34%
51 2.56% 6.31% 6.10% 4.38%
52 2.63% 6.35% 6.10% 4.41%
53 2.70% 6.40% 6.10% 4.45%
54 2.78% 6.45% 6.10% 4.50%
55 2.86% 6.51% 6.40% 4.54%
56 2.94% 6.57% 6.50% 4.59%
57 3.03% 6.63% 6.50% 4.65%
58 3.13% 6.70% 6.60% 4.71%
59 3.23% 6.77% 6.70% 4.77%
60 3.33% 6.85% 6.70% 4.85%
61 3.45% 6.94% 6.80% 4.92%
62 3.57% 7.04% 6.90% 5.01%
63 3.70% 7.14% 7.00% 5.10%
64 3.85% 7.26% 7.10% 5.20%
65 4.00% 7.38% 7.20% 5.32%
66 4.17% 7.52% 7.30% 5.45%
67 4.35% 7.67% 7.40% 5.59%
68 4.55% 7.83% 7.60% 5.74%
69 4.76% 8.02% 7.70% 5.92%
70 5.00% 8.22% 7.90% 6.12%
71 5.28% 8.45% 8.10% 6.35%
72 5.40% 8.71% 8.30% 6.60%
73 5.53% 9.00% 8.50% 6.90%
74 5.67% 9.34% 8.80% 7.25%
75 5.82% 9.71% 9.10% 7.66%
76 5.98% 10.15% 9.40% 8.13%
77 6.17% 10.66% 9.80% 8.67%
78 6.36% 11.25% 10.30% 9.30%
79 6.58% 11.96% 10.80% 10.05%
80 6.82% 12.82% 11.50% 10.94%
81 7.08% 13.87% 12.10% 12.04%
82 7.38% 15.19% 12.90% 13.41%
83 7.71% 16.90% 13.80% 15.17%
84 8.08% 19.19% 14.80% 17.53%
85 8.51% 22.40% 16.00% 20.82%
86 8.99% 27.23% 17.30% 25.77%
87 9.55% 35.29% 18.90% 34.02%
88 10.21% 51.46% 20.00% 50.51%
89 10.99% 100.00% 20.00% 100%
90 11.92% 100.00% 20.00% 100%
91 13.06% 100.00% 20.00% 100%
92 14.49% 100.00% 20.00% 100%
93 16.34% 100.00% 20.00% 100%
94 18.79% 100.00% 20.00% 100%
95 20.00% 100.00% 20.00% 100%
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