Calculate Your RRIF Minimum Withdrawal for 2024
Looking to understand your RRIF withdrawal obligations? Use our RRIF minimum withdrawal calculator to estimate the minimum amount you need to withdraw based on your age and investment.
Our easy-to-use calculator helps you plan your retirement income effectively, ensuring you meet the mandatory withdrawal requirements and optimize your financial strategy.
How it Works?
- 1
Enter Your Information
Provide your year of birth and total RRIF investment amount. This information is essential for calculating your minimum annual withdrawal.
- 2
Apply Minimum Withdrawal Rates
Our calculator uses the official RRIF minimum withdrawal percentages based on your age to determine your required withdrawal rate.
- 3
Get Your Minimum Withdrawal Amount
Based on these rates, we calculate the minimum amount you must withdraw from your RRIF this year, helping you comply with regulations and plan your finances.
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Have Questions?
Do you have questions about RRIFs, how they work, or the minimum withdrawal requirements? Check out our FAQ to find answers to your queries. If you can't find what you're looking for, feel free to ask us. Our team is here to assist you.