RRIF Calculator Canada 2026
Calculate your mandatory RRIF minimum withdrawal for 2026 using official CRA prescribed factors. Project your RRIF balance and annual income to age 90 and beyond.
Your RRIF Details
📋 How to use this calculator
- Enter your RRIF balance as of January 1 of this year.
- Enter your current age (or your spouse's age if younger).
- Set your expected annual growth rate inside the RRIF.
- Click Calculate Withdrawals to see your minimum payments and balance projection.
Quick presets:
Your Results
Enter your RRIF balance and age, then click Calculate Withdrawals.
This Year's Minimum Withdrawal
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Minimum Monthly Equivalent
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Annual minimum ÷ 12
Withdrawal Rate
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CRA factor for your age
OAS Clawback Risk
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2026 income threshold — estimated
Projected Year-End Balance
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After this year's withdrawal and assumed growth
Annual withdrawals are assumed to occur at the beginning of each year. Balances reflect end-of-year values after withdrawal and growth.
| Age | Factor | Min. Withdrawal | Balance (Jan 1) | Balance (Dec 31) |
|---|
Understanding RRIFs in Canada
🇨🇦 What Is a RRIF?
A Registered Retirement Income Fund (RRIF) is the most common way Canadians convert their RRSP savings into retirement income. You must convert your RRSP to a RRIF — or an annuity — by December 31 of the year you turn 71. Once converted, the CRA requires you to withdraw a minimum amount each year, starting the year after the RRIF is opened. There is no maximum — you can always withdraw more than the minimum. All RRIF withdrawals are fully taxable as ordinary income and you receive a T4RIF slip each year.
📊 2026 CRA RRIF Minimum Withdrawal Factors
The minimum is calculated by multiplying your January 1 RRIF balance by the prescribed factor for your age. Source: CRA Income Tax Act, Schedule I (post-2015 federal budget factors).
| Age | Factor | Min. on $500K | Age | Factor | Min. on $500K |
|---|---|---|---|---|---|
| 71 | 5.28% | $26,400 | 83 | 7.71% | $38,550 |
| 72 | 5.40% | $27,000 | 84 | 8.08% | $40,400 |
| 73 | 5.53% | $27,650 | 85 | 8.51% | $42,550 |
| 74 | 5.67% | $28,350 | 86 | 8.99% | $44,950 |
| 75 | 5.82% | $29,100 | 87 | 9.55% | $47,750 |
| 76 | 5.98% | $29,900 | 88 | 10.21% | $51,050 |
| 77 | 6.17% | $30,850 | 89 | 10.99% | $54,950 |
| 78 | 6.36% | $31,800 | 90 | 11.92% | $59,600 |
| 79 | 6.58% | $32,900 | 91 | 13.06% | $65,300 |
| 80 | 6.82% | $34,100 | 92 | 14.49% | $72,450 |
| 81 | 7.08% | $35,400 | 93 | 16.34% | $81,700 |
| 82 | 7.38% | $36,900 | 94 | 18.79% | $93,950 |
| 95+ | 20.00% | $100,000 | |||
💡 Strategies to Reduce RRIF Tax Impact
The most powerful strategy is early RRSP drawdown — making voluntary RRSP withdrawals in low-income years between 65 and 71, before mandatory RRIF withdrawals begin. This fills low tax brackets (20–25%) instead of forcing larger withdrawals later at 35–45%. Using your spouse's younger age for the RRIF calculation reduces the mandatory minimum each year, keeping more money growing tax-deferred. Pension income splitting allows you to allocate up to 50% of eligible RRIF income to a spouse, potentially halving your effective tax rate. Finally, withdrawing just enough above the minimum each year to fill a lower bracket — without triggering OAS recovery tax above approximately $95,323 (2026 estimated threshold) — can significantly reduce lifetime tax.
⚠️ RRIF Withdrawals and OAS Clawback
RRIF withdrawals are fully taxable income and count toward your net income for OAS clawback purposes. In 2026, OAS recovery tax begins at approximately $95,323 of net income in 2026 (estimated) — 15 cents for every dollar above this threshold. For a retiree with a large RRIF, mandatory withdrawals alone can exceed the threshold by their late 70s or 80s. Combined with CPP and OAS itself, this makes RRIF planning an important part of retirement income strategy. One option is converting to an annuity for a portion of the RRIF to create predictable income without the growing mandatory withdrawal problem.
❓ Frequently Asked Questions
When must I convert my RRSP to a RRIF?
You must convert your RRSP to a RRIF by December 31 of the year you turn 71. No minimum withdrawal is required in the calendar year you open the RRIF — the first mandatory minimum applies the following year. If you miss the deadline, the CRA will deregister your RRSP and the entire balance becomes taxable income immediately, which is typically catastrophic.
Can I use my spouse's age for my RRIF?
Yes. If your spouse or common-law partner is younger, you can irrevocably elect to base your RRIF minimum withdrawal on their age instead of yours. Since younger ages have lower prescribed factors, this reduces your mandatory annual withdrawal and keeps more money growing tax-deferred. This election must be made when the RRIF is established and cannot be changed afterward.
Are RRIF withdrawals subject to withholding tax?
Minimum withdrawals are not subject to withholding tax at source, but are fully taxable income when you file. Amounts above the minimum are subject to withholding tax: 10% on amounts up to $5,000 above the minimum, 20% on $5,001–$15,000 above minimum, and 30% on amounts over $15,000 above minimum (outside Quebec — Quebec rates differ). All amounts are included in your taxable income at year end.
Can I have more than one RRIF?
Yes. You can have multiple RRIFs at different financial institutions. However, the total minimum withdrawal is calculated across all your RRIFs combined. You can choose to take the entire minimum from one RRIF while keeping others intact, as long as the combined withdrawal meets the CRA requirement. This flexibility is useful for managing investment allocation across institutions.