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When do you need to withdraw from a RRIF?
Withdrawals from a RRIF must begin the first calendar year after which it is established. No withdrawals are required in the year the RRIF is established. Each year, a RRIF annuitant is required to withdraw one or more payments that are at least equal to the minimum calculated amount. This is based on the following factors:

What is the RRIF minimum payment?
For example, if the RRIF is based on your age, and you are age 75 as of December 31 of the previous year, the prescribed percentage factor would be 5.82%. If the value of your RRIF at December 31 of the previous year is $500,000, then your required RRIF minimum payment for the year would be $29,100.

Will Canada reduce RRIF withdrawals in 2020?
As part of the COVID-19 Economic Response Plan, the Government of Canada recently announced a measure to reduce the required annual minimum withdrawal amount from Registered Retirement Income Funds (RRIF) by 25% for 2020. • This 25% reduction to the annual withdrawal amount applies to 2020 only.

Does RRIF withholding tax apply to a withdrawal?
The amount you withdraw from your RRIF determines the rate of withholding tax that will apply to your withdrawal. There is no withholding tax applied to your minimum payment from the RRIF. If you elect to receive an amount above the minimum payment, income tax will be withheld at source on the amount in excess of the minimum.

[PDF File]Changes to RRIF Minimum Withdrawals for 2020 - CIBC
https://info.5y1.org/rrif-minimum-withdrawals_1_578e23.html
1. What is the change to RRIF minimum withdrawal amount? The minimum amount that must be withdrawn from RRIFs is reduced by 25% for 2020. For example, if the 2020 minimum amount would have been $10,000, the reduced minimum amount is $7,500. 2. Is the 25% reduction to the minimum amount applicable for 2020 and future years? No.

RRIF payments and withdrawals - RBC Wealth Management
Although you are generally required to take a minimum payment from your RRIF each year, there is no maximum and you can make withdrawals as often as you wish. Another major advantage of a RRIF is that the assets that remain in the plan continue to grow on a tax-deferred basis until you withdraw them.

[PDF File]Guide to Registered Retirement Income Funds - Qtrade
https://info.5y1.org/rrif-minimum-withdrawals_1_ae37d6.html
For example, at age 55, your minimum RRiF withdrawal would be calculated as follows: 1 divided by (90 – 55 = 35) = 2.86% A selection of minimum withdrawals required, according to age Age Minimum withdrawal amount 55 2.86% 60 3.33% 65 4.00% 70 5.00% 71 5.28% 75 5.82% 80 6.82% 85 8.51% 90 11.92% 90+ 20.00% A full list of minimum withdrawal ...

Appendix 1 – RRIF minimums - RBC Wealth Management
The prescribed percentage depends on your age or your spouse or common-law partner’s age at the end of the previous year (depending on whose age you elected at the time the RRIF was established). Age at Dec. 31 of previous year. Minimum % Withdrawals. 55. 2.86%. 56.

RRIF payments and withdrawals - RBC Wealth Management
Although you’re generally required to withdraw a minimum amount from your RRIF each year, there’s no maximum and you can make withdrawals as often as you wish. Another major advantage of a RRIF is that the assets that remain in the plan continue to grow on a tax- deferred basis until you withdraw them.

[PDF File]Calculating 2023 RRIF Minimum Withdrawals - Wellington-Altus
https://info.5y1.org/rrif-minimum-withdrawals_1_7ed59c.html
Withdrawals from a RRIF must begin the first calendar year after which it is established. No withdrawals are required in the year the RRIF is established. Each year, a RRIF annuitant is required to withdraw one or more payments that are at least equal to the minimum calculated amount. This is based on the following factors:

Rrif minimum withdrawals