A $27,000 RRIF withdrawal when combined with other income may remain under the $95,323 OAS clawback threshold depending on your full income picture.
| Age | Balance | Min W/D | Growth | End Bal |
|---|
Enter your RRIF balance as of January 1, then select your age (or your spouse's age if using a spousal election). Optionally enter an expected annual rate of return to see the long-term depletion schedule. Review your mandatory minimum withdrawal, tax implications, and year-by-year projection of how long your RRIF will last.
At age 72, the CRA-prescribed RRIF minimum withdrawal factor is 5.40%. For a $500,000 RRIF balance on January 1, your mandatory minimum withdrawal is $27,000 for the year.
Yes. You can elect to use your younger spouse's age when calculating the minimum withdrawal factor. This reduces your mandatory annual withdrawal and keeps more money growing tax-sheltered.
No. The mandatory minimum withdrawal has no withholding tax deducted at source. However, any amount you withdraw above the minimum is subject to withholding: 10% up to $5,000, 20% from $5,001 to $15,000, and 30% over $15,000.
RRIF withdrawals count as taxable income for the OAS clawback test. In 2026, the clawback starts when net income exceeds $95,323. For every dollar above that threshold, you repay $0.15 of your OAS pension.
For a $500,000 RRIF on January 1, 2026, your mandatory minimum withdrawal by age is:
| Age | CRA Factor | Min Withdrawal | Monthly |
|---|---|---|---|
| 65 | 4.00% | $20,000 | $1,667 |
| 70 | 5.28% | $26,400 | $2,200 |
| 72 | 5.40% | $27,000 | $2,250 |
| 75 | 5.60% | $28,000 | $2,333 |
| 80 | 6.28% | $31,400 | $2,617 |
| 85 | 6.80% | $34,000 | $2,833 |
| 90+ | 7.22% | $36,100+ | $3,008+ |
Source: CRA Prescribed Annuity Factors (2026). Withdraw more than the minimum and you'll owe withholding tax above the threshold. Use the calculator above to model your exact balance and a year-by-year depletion schedule.
This RRIF Minimum Withdrawal Calculator helps Canadian retirees and pre-retirees calculate their CRA-prescribed mandatory minimum RRIF withdrawals for 2026. Enter your RRIF balance as of January 1, select your age (or your spouse's age for spousal election), and optionally set an expected rate of return to see a full year-by-year depletion schedule. The calculator also checks your withdrawal against the OAS clawback threshold ($95,323 for 2026) so you can plan your retirement income more effectively.
At age 72, the CRA-prescribed RRIF minimum withdrawal factor is 5.40%. For a $500,000 RRIF balance on January 1, your mandatory minimum withdrawal is $27,000 for the year.
Yes. You can elect to use your younger spouse's age when calculating the minimum withdrawal factor. This reduces your mandatory annual withdrawal and keeps more money growing tax-sheltered.
No. The mandatory minimum withdrawal has no withholding tax deducted at source. However, any amount you withdraw above the minimum is subject to withholding: 10% up to $5,000, 20% from $5,001 to $15,000, and 30% over $15,000.
RRIF withdrawals count as taxable income for the OAS clawback test. In 2026, the clawback starts when net income exceeds $95,323. For every dollar above that threshold, you repay $0.15 of your OAS pension.
At age 75, the CRA-prescribed RRIF minimum withdrawal factor is 5.60%. For a $500,000 RRIF balance on January 1, your mandatory minimum withdrawal is $28,000 for the year ($2,333/month).
You must convert your RRSP to a RRIF (or use the RRIF withdrawal option) by the end of the year you turn 71. The 2026 federal budget has been consulting on raising this age to 73, but as of January 2026 the age is still 71.
If your RRIF is depleted, you stop receiving mandatory minimum withdrawals. The account is simply closed once the balance reaches zero. You do not need to take any action with the CRA beyond reporting the final withdrawal on your tax return.
Convert your RRSP to a RRIF and manage withdrawals:
Estimates only. Not tax, financial, or legal advice. Full disclaimer · Terms