Wondering how much you have to withdraw from your RRIF this year? You’re not alone — and we’re here to help.
Our easy-to-use Canada RRIF Withdrawal Calculator is designed for Canadians who want to quickly find out their minimum required withdrawal, based on their age, RRIF balance, and CRA rules. No complicated math, no spreadsheets — just a clear number, instantly.
🧾 What Is a RRIF?
If you’re 71 or older and have an RRSP, you’ll eventually convert it into a Registered Retirement Income Fund (RRIF). It’s what gives you steady income in retirement.
But here’s the catch:
Once you have a RRIF, the Canada Revenue Agency (CRA) requires you to withdraw a minimum amount every year — whether you need it or not.
And that’s exactly what this calculator helps with.
✅ What Does the CRA RRIF Withdrawal Calculator Do?
This RRIF withdrawal calculator Canada version is designed to give you:
- ✅ Your minimum RRIF withdrawal amount for the year
- ✅ Your remaining RRIF balance after withdrawal
- ✅ Your prescribed percentage based on your age
- ✅ CRA-compliant figures (no guesswork!)
Whether you’re planning ahead or it’s your withdrawal year, our tool helps you stay informed and confident.
Canada RRIF Withdrawal Calculator 2025
RRIF Withdrawal Calculator
Calculate your minimum Registered Retirement Income Fund withdrawal amount
Calculation Parameters
Results
About RRIF Withdrawals
A Registered Retirement Income Fund (RRIF) is an account registered with the Canadian government that holds your savings and pays you income. You must withdraw a minimum amount from your RRIF each year, starting the year after you open the RRIF.
Key facts about RRIF withdrawals in Canada:
- The minimum withdrawal is based on your age (or your spouse’s age if younger)
- Withdrawal percentages increase each year as you get older
- You must start RRIF withdrawals by the end of the year you turn 71
- Withdrawals are considered taxable income
- There is no maximum withdrawal limit
- Financial institutions withhold tax on RRIF payments
The formula for calculating the minimum RRIF withdrawal is: RRIF Balance × Prescribed Percentage. The prescribed percentage is determined by your age at the beginning of the withdrawal year.
Disclaimer: This calculator provides an estimate of your minimum RRIF withdrawal based on information provided. It is intended for general information purposes only. For official determination of your RRIF withdrawal requirements, please consult the Canada Revenue Agency (CRA) or a qualified financial advisor. Results do not constitute financial advice.
👥 Who Is This Calculator For?
If you're asking questions like:
- "How much do I need to withdraw from my RRIF at age 65?"
- "What’s the minimum RRIF withdrawal CRA requires?"
- "Can I calculate RRIF withdrawals by age?"
Then this tool is for you.
It's built for:
- Canadians aged 71+ with a RRIF
- Anyone planning retirement withdrawals
- Spouses planning retirement income together
- Those who want to stay CRA-compliant
🧮 How It Works
Using our RRIF Withdrawal Calculator by Age is super simple:
- Enter your year of birth
- Enter the year you’re withdrawing
- Type in your RRIF balance at the start of the year
- (Optional) Add your spouse’s age to lower the required withdrawal
- Click Calculate
In seconds, you'll see:
- Your minimum RRIF withdrawal amount
- Your remaining balance
- Your prescribed percentage for the year
💡 Why It Matters
Withdrawing too little from your RRIF can lead to CRA penalties. Withdrawing too much? You might pay more tax than necessary.
That’s why this tool is so useful — it takes the guesswork out of retirement income planning and keeps you on the right side of CRA rules.
🙋 Frequently Asked Questions
🤔 What is the minimum RRIF withdrawal in Canada?
Answer: It depends on your age and RRIF balance. The CRA sets a percentage you must withdraw each year. Our calculator gives you that number instantly.
📊 How is RRIF withdrawal calculated?
Answer: CRA provides an annual prescribed percentage based on your age. Multiply that by your RRIF balance — our tool does it for you automatically.
👩❤️👨 Can I use my spouse’s age for RRIF calculations?
Answer: Yes! If your spouse is younger, using their age can reduce your minimum withdrawal. Just select that option in the calculator.
💵 Do RRIF withdrawals count as taxable income?
Answer: Yes. All RRIF withdrawals are taxable income. You can also choose to include provincial tax withholding in the calculator.
🔁 Do I need to calculate this every year?
Answer: Yes, because both your age and RRIF balance change annually, which affects the required withdrawal.