RRIF Minimum Withdrawal Projector

See your legislated RRIF minimum withdrawals year by year — how much you must take, and what happens to the balance over time.

Your current age: 65

RRSP/RRIF balance

Enter your RRSP balance if you haven't converted to a RRIF yet.

Expected annual return: 5%

Extra annual withdrawal (optional)

On top of the legislated minimum, if you plan to draw more.

Year-by-year projection

Age	Factor	Start balance	Minimum	Extra	Total	End balance

Good to know

You must convert your RRSP to a RRIF (or annuity) by December 31 of the year you turn 71.
Minimum withdrawals are taxable income and count toward the OAS clawback threshold.
Withholding tax applies to amounts withdrawn above the minimum.
Basing minimums on a younger spouse's age can lower the required withdrawals — ask Aaron about this election.

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Provided by Aaron Taylor, Taylor Wealth Designers Ltd. - www.wealthdesigners.ca

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

IMPORTANT — PLEASE READ: This report was produced by an automated calculator and may contain calculation errors. All results are hypothetical illustrations based on the inputs and assumptions shown (rates of return, inflation, tax rules, and government benefit amounts), not predictions or guarantees of future outcomes. Past investment performance does not guarantee future results. Tax laws and government programs (including CPP, OAS, and GIS) change over time. This report is for general information only and is not investment, tax, or legal advice. Please review your situation with a qualified professional before making financial decisions.