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2020 RRIF Calculator

rrif withdrawal canada revenue agency

IMPORTANT NEWS: The federal government is reducing the minimum withdrawal rate from RRIFs in 2020 by 25%.

RRIF Withdrawal Calculator

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What are the Minimum RRIF Withdrawal Rates?

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

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Ivon T. Hughes - Annuity Broker

The Hughes Trustco Group | Website: LifeAnnuities.com | Email: info@trustco.ca | Toll Free: 877-842-3863