Beneva
BMO Insurance
Canada Life
Desjardins Financial
Empire Life
Equitable Life
Great-West Life
Industrial Alliance
ivari
Manulife
RBC Insurance
Sun Life
RRIF/ANNUITY RATES TABLE
RRIF/Annuity Rates Table
This table compares the minimum RRIF and Annuity annual incomes based on capital of $100,000. The RRIF minimums increase each year; the Annuity income remains stable for life, with a minimum 10 year guarantee.
IMPORTANT
These figures assume that the RRIF capital grows back to $100,000 by the beginning of the following year.
| Age (at start of year) |
RRIF Minimum Withdrawal |
Annuity Rate Male |
Annuity Rate Female |
|---|---|---|---|
| 60 | $3,330 | $5,286 | $4,969 |
| 61 | $3,450 | $5,404 | $5,066 |
| 62 | $3,570 | $5,530 | $5,170 |
| 63 | $3,700 | $5,662 | $5,243 |
| 64 | $3,850 | $5,802 | $5,360 |
| 65 | $4,000 | $5,913 | $5,446 |
| 66 | $4,170 | $6,069 | $5,578 |
| 67 | $4,350 | $6,233 | $5,718 |
| 68 | $4,550 | $6,369 | $5,867 |
| 69 | $4,760 | $6,553 | $6,025 |
| 70 | $5,000 | $6,710 | $6,158 |
| 71 | $5,280 | $6,913 | $6,301 |
| 72 | $5,400 | $7,124 | $6,492 |
| 73 | $5,530 | $7,309 | $6,693 |
| 74 | $5,670 | $7,501 | $6,905 |
| 75 | $5,820 | $7,699 | $7,127 |
| 76 | $5,980 | $7,902 | $7,324 |
| 77 | $6,170 | $8,106 | $7,530 |
| 78 | $6,360 | $8,312 | $7,745 |
| 79 | $6,580 | $8,514 | $7,931 |
| 80 | $6,820 | $8,710 | $8,154 |
What are the Minimum RRIF Withdrawal Rates?
At age 71, Canadians must convert their RRSP into a RRIF or an Annuity. The above table, based on $100,000, also gives you the minimum percentage. For example, at age 66, it is 4.17%.