RRIF Minimum Withdrawal Calculator 2026

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Set up direct deposit and skip the monthly fee. Free to open, and the Easy plan has no monthly fee. Worth doing if you will actually move your pay or your CRA deposits over, not if the card sits unused. Code BREMO2026.

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Enter your RRIF balance and age to find out exactly how much you must withdraw this year.

Calculate Your 2026 RRIF Minimum

RRIF Balance at Jan 1, 2026 ($)

Your Age on Jan 1, 2026

Spouse Age on Jan 1, 2026 (optional — leave 0 if no spouse)

Expected Annual Return (%)

Your 2026 RRIF Minimum Withdrawal

2026 RRIF Minimum Withdrawal Rates by Age

Age at Jan 1	Minimum %	On $300k RRIF	On $500k RRIF	On $1M RRIF
65	4.00%	$12,000	$20,000	$40,000
70	5.00%	$15,000	$25,000	$50,000
71	5.28%	$15,840	$26,400	$52,800
75	5.82%	$17,460	$29,100	$58,200
80	6.82%	$20,460	$34,100	$68,200
85	8.51%	$25,530	$42,550	$85,100
90	11.92%	$35,760	$59,600	$119,200

Age at Jan 1

Minimum %

On $300k RRIF

On $500k RRIF

On $1M RRIF

4.00%

$12,000

$20,000

$40,000

5.00%

$15,000

$25,000

$50,000

5.28%

$15,840

$26,400

$52,800

5.82%

$17,460

$29,100

$58,200

6.82%

$20,460

$34,100

$68,200

8.51%

$25,530

$42,550

$85,100

11.92%

$35,760

$59,600

$119,200

No Minimum in First Year: You do not need to make a withdrawal in the year you convert your RRSP to a RRIF. The first mandatory minimum withdrawal applies in the following calendar year. If you convert in late 2025, your first required withdrawal is not until 2026.

Key RRIF Rules to Know

No withholding on minimum: The CRA does not require withholding tax on mandatory minimum withdrawals, but the income is still taxable at year-end

Excess withdrawals: Any amount above the minimum has withholding tax applied (10%/20%/30% depending on amount)

No upper limit: You can withdraw more than the minimum — the full balance if desired — but everything is taxable income

RRIF dies with you: Your spouse can receive your RRIF tax-deferred (spousal rollover); other beneficiaries get a lump sum and pay tax on the full amount

Multiple RRIFs: You can have multiple RRIFs; minimum calculations apply to each separately, but you can consolidate

RRIF Pension Income Credit

If you are age 65 or older, your RRIF withdrawals qualify for the Pension Income Tax Credit — a federal credit on the first $2,000 of eligible pension income. This reduces your federal tax by up to $300/year. Most provinces also have a corresponding provincial credit.

Set Up Direct Deposit for Your RRIF Income

KOHO's no-fee account makes it easy to receive regular RRIF payments with zero banking costs. No monthly fees, no e-transfer fees, full CDIC protection through partner banks. Use code BREMO2026 to earn $100.

Open KOHO — Get $100