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RRIF Minimum Withdrawal Rates
RRIF Minimum Payment
The government specifies a minimum amount you have to withdraw from your RRIF each year to provide an increasing income until you reach age 94 when it levels out at 20% of your plan value. The reference guide below shows the minimum payment for RRIFs issued after 1993.
You can also base the minimum RRIF payment on your spouse if your spouse is younger. This will result in lower payments than if you used your own age and more money being left in your plan to accumulate tax-sheltered.
2025 RRIF Withdrawal Reference Guide
|
Age
|
Withdrawal Rate
|
|---|---|
| 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% |
Registered Retirement Income Fund (RRIF)
A registered retirement income fund (RRIF) allows you to continue making investment in GICs and investment funds, while paying you an annual income.
The value of your plan and how long your income will last, depend on what kind of investments you choose, as well as how much income you plan to withdraw beyond the specified minimum.
Minimum Payment Formulas
There are two formulas to be used to calculate the RRIF minimum payments
1. 90 Age Formula
Minimum amount = Market value of RRIF as at Dec. 31 divided by 90 - the plan holder's age (as of Dec. 31)
2. Percentage Formula
Minimum amount = % based on age x RRIF value on Jan. 1 (see guide above)
For more information please see our RRIF Withdrawal Schedule 2025
