See the RRIF Minimum Annual Withdrawals article for all the rules around minimum withdrawals.
Use of Age of Spouse For RRIF Factors
RRSP/RRIF Withdrawal Calculator
Note that, although we now show the RRIF factors for the formula 1/(90-age) rounded to 6 decimals, no rounding is specified in the Income Tax Act or Regulations. Thus, to calculate the annual minimum withdrawal, the formula should be 1/(90-age) x RRIF market value, and the result would be rounded to 2 decimals. The difference between using 1/(90-age) and the RRIF factor rounded to 6 decimals is less than 10 cents per year when the RRIF market value is $200,000.
In all these tables, if the annuitant has elected to use the spouse's age to calculate the RRIF factor, then the spouse's age should be used as the age in these tables, instead of the age of the annuitant. If the age of the spouse is lower than 55, use the formula 1/(90-age). If the age of the spouse is used, it does not change the timing of when withdrawals must be made from a RRIF - see RRIF Minimum Annual Withdrawals.
The first table is for all RRIFs, LIFs, and LRIFs, up to age 70. These factors did not change based on the Federal 2015 Budget, because they are calculated as 1/(90-age). "Age" refers to the age of the annuitant (or spouse if so elected) at the beginning of the calendar year - that is, the annuitant's age on December 31st of the prior calendar year. The factor is multiplied by the market value of the RRIF holdings at the beginning of the year.
This table shows factors starting at age 55. Factors at an age before age 55 would have to be calculated using 1/(90-age). There is no minimum age for converting an RRSP to a RRIF, but there is usually no benefit to doing so before age 65.
| Table of RRIF Factors | |
| Age prior Dec 31 |
RRIF Factor |
| 55 | 0.028571 |
| 56 | 0.029412 |
| 57 | 0.030303 |
| 58 | 0.031250 |
| 59 | 0.032258 |
| 60 | 0.033333 |
| 61 | 0.034483 |
| 62 | 0.035714 |
| 63 | 0.037037 |
| 64 | 0.038462 |
| 65 | 0.040000 |
| 66 | 0.041667 |
| 67 | 0.043478 |
| 68 | 0.045455 |
| 69 | 0.047619 |
| 70 | 0.050000 |
The next table shows the factors for age 71+ for RRIFs, LIFs and LRIFs. Prior to changes from the Federal 2015 Budget, plans that were set up prior to 1993 had lower RRIF factors than plans that were set up after 1992. Starting in 2015, all plans use the new factors. "Age" refers to the age of the annuitant at the beginning of the calendar year - that is, the annuitant's age (or spouse's age) on December 31st of the prior calendar year. The factor is multiplied by the market value of the RRIF holdings at the beginning of the year.
| Table of RRIF Factors | |
| Age prior Dec 31 |
RRIF Factor |
| 71 | 0.0528 |
| 72 | 0.0540 |
| 73 | 0.0553 |
| 74 | 0.0567 |
| 75 | 0.0582 |
| 76 | 0.0598 |
| 77 | 0.0617 |
| 78 | 0.0636 |
| 79 | 0.0658 |
| 80 | 0.0682 |
| 81 | 0.0708 |
| 82 | 0.0738 |
| 83 | 0.0771 |
| 84 | 0.0808 |
| 85 | 0.0851 |
| 86 | 0.0899 |
| 87 | 0.0955 |
| 88 | 0.1021 |
| 89 | 0.1099 |
| 90 | 0.1192 |
| 91 | 0.1306 |
| 92 | 0.1449 |
| 93 | 0.1634 |
| 94 | 0.1879 |
| 95+ | 0.2000 |
CRA Chart - Prescribed factors
The RRSP/RRIF Withdrawal Calculator uses the new factors.
Tax Tip: Use our RRSP/RRIF calculator to help you project your RRIF withdrawals for the next 40 years.
Revised: December 04, 2025