Updated for 2026 — CRA Prescribed Factors

Canada RRIF Withdrawal Calculator

The RRIF withdrawal calculator Canada uses your RRIF value at the start of 2026 and the CRA-prescribed factor. It gives the minimum you must withdraw, not the most you can take.

Our RRIF withdrawal calculator uses current 2026 CRA rules. We will also help you understand RRIF age factors, spouse-age elections, and common calculation errors.

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Current 2026 CRA Rules

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Instant Results

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100% Free

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No Data Stored

🧮 Calculate Your RRIF Minimum Withdrawal for 2026

The RRIF withdrawal calculator Canada gives your required annual minimum. It does not show the maximum you can take or how much retirement income you should spend. It only calculates the minimum payment required for the year.

Beginning-of-Year RRIF Value *

Age on January 1 *

RRIF Type

Spouse-Age Election

Spouse-age election: Only use this if the election was made when the RRIF was established and before payments began. The election generally cannot be changed later for that RRIF. Check your RRIF documents or ask your carrier before entering a spouse's age.

Spouse or Common-Law Partner's Age

What you need: the RRIF's January 1 fair market value, applicable age, RRIF type, and spouse-age election if one was made. CRA says the minimum starts in the year after you establish the RRIF.

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Enter your RRIF details and click Calculate to see your 2026 required minimum withdrawal.

How It Works

How the RRIF Withdrawal Calculator Calculates Your Minimum

The RRIF withdrawal calculator takes the beginning-of-year RRIF value and multiplies it by the prescribed factor. CRA uses the fair market value at the start of the year. Today's account balance does not replace that opening value.

📐 The Core RRIF Minimum Withdrawal Formula

RRIF minimum withdrawal = RRIF value at the beginning of the year × prescribed factor

For a $500,000 RRIF at age 73, the standard factor is 5.53%.

$500,000 × 5.53% = $27,650

The RRIF withdrawal calculator Canada should use the opening balance for the year. CRA also says the factor depends on age and, for some accounts, the RRIF's setup and category. The $27,650 figure is the required annual minimum. It does not predict investment returns or a retirement-income recommendation.

Start with $500,000

Use the beginning-of-year RRIF value.

Use the 5.53% factor

Age 73 on January 1, standard "all other RRIFs" factor.

Multiply $500,000 by 0.0553

The result is $27,650 — the annual minimum.

Divide by 12 only for budgeting

Monthly equivalent: $2,304.17. The monthly figure is only for budgeting — you still need the full annual minimum during the year.

📋 Example of How the Canada RRIF Withdrawal Calculator Works

Beginning-of-year RRIF value:

$500,000

Age on January 1:

RRIF type:

All other RRIFs

Spouse-age election:

Result: $27,650 for 2026

Monthly equivalent: $2,304.17 · Quarterly equivalent: $6,912.50

By Age

Which RRIF Withdrawal Rate Applies to Your Age?

The RRIF withdrawal calculator by age uses the age at the beginning of the year. The factor rises as you get older. The RRIF withdrawal calculator Canada should use the current factor for the account. The table below gives common ages for standard "all other RRIFs."

Age	Minimum Factor
65	4.00%
70	5.00%
71	5.28%
72	5.40%
73	5.53%
75	5.82%
80	6.82%
85	8.51%
90	11.92%
95+	20.00%

For age 70 and under, the factor is 1 ÷ (90 − age). A second RRIF minimum withdrawal check is wise for a special RRIF. A qualifying or pre-March 1986 RRIF can use a different factor table.

Spouse-Age Election

What Happens If You Have a Younger Spouse or Common-Law Partner?

A younger spouse or common-law partner can lower your required minimum. The RRIF withdrawal calculator Canada should include the spouse's age only when the proper election applies. This is not a yearly choice based on whichever age gives the lower result. The election has specific timing and account rules.

You make the election when the RRIF is established and before payments begin. CRA says the election generally cannot be changed later for that RRIF, even if the spouse dies. A new election can apply to another RRIF after a transfer.

Check your RRIF documents or ask your carrier before entering a spouse's age into the RRIF withdrawal calculator Canada. Do not use a younger age simply because your spouse is younger.

Worked Example

Example: Calculate an RRIF Withdrawal Step by Step

Use the RRIF withdrawal calculator Canada with these figures:

💵 Beginning-of-Year RRIF Value

Start with $500,000

$500,000

🎂 Age on January 1

Factor: 5.53%

📊 Factor

Use the 5.53% factor

5.53%

🧮 Annual Minimum

$500,000 × 0.0553 = $27,650

$27,650

📅 Monthly Budgeting Equivalent

$27,650 ÷ 12 — for budgeting only

$2,304.17

1. Start with $500,000

2. Use the 5.53% factor

3. Multiply $500,000 by 0.0553

4. The result is $27,650

5. Divide by 12 only for budgeting

The monthly figure is only for budgeting. You still need the full annual minimum during the year.

Minimum vs. More

Minimum RRIF Withdrawal vs. Taking More Than the Minimum

You can generally withdraw more than the minimum. The minimum itself has no required tax withholding at source.

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Calculator Result

minimum you need to withdraw.

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Not the Maximum

maximum you can withdraw or the amount you should withdraw.

Amount Above the Minimum	Withholding Rate
Up to $5,000	10%
Over $5,000 up to $15,000	20%
Over $15,000	30%
Quebec	Different rates apply

For amounts above the minimum, CRA lists lump-sum withholding rates of 10% up to $5,000, 20% over $5,000 up to $15,000, and 30% over $15,000. Quebec has different rates. Withholding is not your final tax bill. An RRIF withholding tax calculator can estimate the amount withheld, but it does not replace your tax return.

Good to Know

Why Your Calculator Result May Differ From Your RRIF Provider's Number

A different result does not automatically mean the RRIF withdrawal calculator Canada is wrong. Compare the inputs first. Check the January 1 balance, age, spouse-age election, RRIF type, and rounding. CRA has separate factors for qualifying RRIFs, pre-March 1986 RRIFs, and all other RRIFs. A basic RRIF calculator in Canada should ask about the RRIF type.

Before You Rely On the Result

What to Check Before Using Your RRIF Withdrawal Result

Use this quick check before relying on the RRIF withdrawal calculator Canada. If your provider gave you a different amount, compare the inputs.

✓ Correct beginning-of-year RRIF value

✓ Correct age on January 1

✓ Spouse-age election checked

✓ Correct RRIF type and factor

✓ Result understood as the minimum

✓ Provider or tax professional checked for a large withdrawal

Use the Canada RRIF Withdrawal Calculator

Use the RRIF withdrawal calculator Canada with your beginning-of-year value, applicable age or factor, and spouse-age election.

The RRIF withdrawal calculator Canada gives the annual minimum plus budgeting equivalents. An RRIF withdrawal calculator by age should use the current CRA factor.

If you need an RRIF withholding tax calculator, remember that withholding is not your final tax bill.

❓ FAQ

RRIF Withdrawal Questions — Canada 2026

Answers to what RRIF holders ask most about 2026 minimum withdrawals.

📬 Have a specific question about your RRIF withdrawal? We're here to help.

Your RRIF minimum equals the January 1 fair market value multiplied by the prescribed factor. For a standard RRIF at age 73, the factor is 5.53%. A $500,000 opening balance therefore produces a $27,650 minimum for 2026. The carrier must meet this amount during 2026.

RRIF minimum payments start in the year after you establish the RRIF. The minimum for the setup year is zero. You can receive a payment in that first year, but it is not treated as the required annual minimum under the standard rule.

Yes. You can elect to base the minimum on your younger spouse's or common-law partner's age when the RRIF is established. This can lower the required payment. The election generally cannot be changed later for that RRIF. Check the original election paperwork first.

No. CRA says the payer does not have to withhold income tax from the minimum amount. Withholding generally applies to amounts above the minimum. Your final tax bill can still include tax on the RRIF income. No withholding does not mean tax-free income.

Yes. A larger RRIF withdrawal can raise net income above the OAS recovery threshold. For 2026, the range starts at $95,323. The repayment depends on your net world income and age, not the RRIF withdrawal alone. Your other income counts too.

No. The basic RRIF rule sets a minimum, not an annual maximum. You can take more than the required amount. Extra withdrawals increase taxable income and can trigger withholding at source. Your provider handles the payment and withholding rules.

ℹ️ About This Calculator

This calculator is maintained by the CRACalculator team. Calculations follow current 2026 CRA RRIF prescribed-factor rules. The RRIF withdrawal calculator Canada gives the required annual minimum only — it does not show the maximum you can take or how much retirement income you should spend. Reviewed and updated every tax year. Estimates only and not a substitute for professional tax advice.

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