Use our RRIF calculator
minimum withdrawals. The RRIF calculator will not calculate maximum
withdrawals for locked-in accounts.
LIFs and LRIFs have maximum annual amounts that may be withdrawn. The
maximum amounts are regulated by federal or provincial
pension legislation (not the Income Tax Act), depending on the plan from which the LIRA
originated. The maximum is usually the greater
the investment gains from the account in the previous
calendar year, or
an amount determined by multiplying the beginning of
year balance by a prescribed annuity factor, which
depends on an interest rate and the owner's age.
Federally Regulated LIF and LRIF Maximum
If your LIF or LRIF is federally regulated, the
percentages in the table from the website of the Office
of the Superintendent of Financial Institutions (OSFI) can be used to
determine the maximum annual withdrawal for the year. The
percentages in the table change each year, as they are determined by
reference to the CANSIM B14013 rate in effect during the previous month of
For provincially regulated funds, follow the links in the table of
RPP regulators to find information on how your
maximum withdrawal is calculated.
Revised: December 04, 2013