Calculate mandatory minimum withdrawals, tax impact, OAS clawback risk, and how long your RRIF will last — 2025 rates.
RRSP Deadline
Dec 31, 71
Must convert to RRIF
Min at Age 71
5.28%
of Jan 1 balance
Min at Age 80
6.82%
rising each year
Min at Age 90
11.92%
accelerates significantly
Conservative: 3–4% · Balanced: 5–6% · Growth: 7–8%
Other Annual Income Sources(for tax & OAS clawback calculation)
Monthly OAS amount
Monthly CPP amount
Pension, employment, etc.
Use Spouse's Age for Minimum Withdrawal?
If your spouse is younger, this reduces mandatory minimums
Enter your age and RRIF balance above
Your withdrawal schedule and tax breakdown will appear here.
A Registered Retirement Income Fund (RRIF) is the primary vehicle Canadians use to draw down their RRSP savings in retirement. Unlike an RRSP where you accumulate savings, a RRIF requires you to withdraw a minimum amount each year — and those withdrawals are fully taxable as income.
You must convert your RRSP to a RRIF, annuity, or lump-sum by December 31st of the year you turn 71. The first mandatory minimum withdrawal must be made in the year following conversion. Most Canadians convert to a RRIF because it offers the most flexibility.
Each year, your minimum withdrawal equals your January 1st RRIF balance multiplied by the prescribed factor for your age. The factor starts at 5.28% at age 71 and increases each year, reaching 20% at age 95+. Withdrawals above the minimum are always permitted.
RRIF withdrawals are fully included in net income for tax purposes — including for the OAS clawback calculation. If your total income exceeds $90,997 (2025), you repay 15 cents of OAS per dollar above that threshold. A $500,000 RRIF at age 71 generates a mandatory withdrawal of about $26,400 — which, combined with CPP and OAS, can easily trigger a partial clawback.
If you expect to have a large RRSP/RRIF balance and significant other retirement income, consider withdrawing from your RRSP between ages 65–71 at a lower tax rate and shifting those funds into your TFSA. This reduces future mandatory RRIF withdrawals and the associated OAS clawback and estate tax exposure.
Minimum withdrawal factors are current as of 2025. Tax calculations use 2025 federal and provincial rates. Actual tax owing depends on all sources of income, credits, and deductions. Not financial advice — consult a financial planner or accountant for personalized RRIF drawdown strategy.