Enter your RRIF balance and age to find out exactly how much you must withdraw this year.
Calculate Your 2026 RRIF Minimum
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
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.
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 45ET55JSYA to earn $100.