Last updated
RRIF Calculator Canada
Calculate your 2026 minimum withdrawal, check OAS clawback risk, and project your balance
✓ CRA 2026 Rates · ✓ OAS Clawback Check · ✓ Free
Fair market value of your RRIF on January 1 of this year
Use younger spouse's age?
Annual growth rate of your RRIF investments
Used to calculate OAS clawback risk
Unused TFSA room for reinvesting excess withdrawals
Withdrawal amount
This year's minimum
$27,000
Withdrawal rate: 5.40%
Monthly equivalent: $2,250
RRIF Balance Projection
| Year | Age | Min Withdrawal | Balance |
|---|---|---|---|
| 2026 | 72 | $27,000 | $500,000 |
| 2027 | 73 | $27,263 | $493,000 |
| 2028 | 74 | $27,525 | $485,457 |
| 2029 | 75 | $27,782 | $477,350 |
| 2030 | 76 | $28,026 | $468,662 |
Smart Strategies
- Convert RRSP to RRIF by Dec 31 of year you turn 71
Frequently Asked Questions
What is the minimum RRIF withdrawal at age 72 in 2026?
At age 72, the CRA prescribed factor is 5.40%. This means you must withdraw at least 5.40% of your RRIF balance as of January 1. For a $500,000 RRIF, the minimum withdrawal is $27,000 for the year.
When must I convert my RRSP to a RRIF?
You must convert your RRSP to a RRIF (or annuity) by December 31 of the year you turn 71. The first mandatory minimum withdrawal is required in the following calendar year. You can convert earlier if you want to start drawing income before age 71.
Can I use my spouse's age for RRIF withdrawals?
Yes. If your spouse or common-law partner is younger, you can elect at RRIF setup to use their age to calculate your minimum withdrawal. This results in a lower prescribed factor and smaller mandatory withdrawals, keeping more money growing tax-deferred. This election must be made when the RRIF is first established.
Are RRIF withdrawals taxable?
Yes, all RRIF withdrawals are fully taxable as income in the year you receive them, just like employment income. Withholding tax applies to amounts above the minimum withdrawal (10% for amounts up to $5,000, 20% for $5,001-$15,000, 30% above $15,000). The minimum portion has no withholding at source but is still taxable when you file.
What is the OAS clawback and how does RRIF income affect it?
The OAS clawback (recovery tax) reduces your Old Age Security pension if your net income exceeds $95,323 in 2026. You lose 15 cents of OAS for every dollar above that threshold. RRIF withdrawals count as income, so large mandatory withdrawals can trigger or increase the clawback. Strategies like pension income splitting and using a younger spouse's age can help manage this.