Retirement Income Plans

Registered Retirement Income Fund (RRIF)

A registered retirement income fund (RRIF) acts as an extension of a registered retirement savings plan (RRSP). It allows you to advantageously utilize the amounts you accumulated throughout your working life: you periodically withdraw a portion of your savings and continue to accumulate tax-sheltered income.

Who Should Consider a RRIF?

  • Retirees who wish or need to use their RRSPs as a source of income.
  • Persons wanting to retain a certain amount of autonomy in the management of their investments.

You are required by law to withdraw a minimum annual amount from your RRIF. Over and above that amount, all periodic and lump sum withdrawals are taxable. No maximum withdrawal applies.

Table of RRIF Minimum Withdrawals
Age Withdrawal Age Withdrawal
65 4.00% 83 7.71%
66 4.17% 84 8.08%
67 4.35% 85 8.51%
68 4.35% 86 8.99%
69 4.76% 87 9.55%
70 5.00% 88 10.21%
71 5.28% 89 10.99%
72 5.40% 90 11.92%
73 5.53% 91 13.06%
74 5.67% 92 14.49%
75 5.82% 93 16.34%
76 5.98% 94 18.79%
77 6.17% 95 20.00%
78 6.36% 96 20.00%
79 6.58% 97 20.00%
80 6.82% 98 20.00%
81 7.08% 99 20.00%
82 7.38% 100 20.00%
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