{"id":7601,"date":"2025-03-26T22:06:29","date_gmt":"2025-03-27T02:06:29","guid":{"rendered":"https:\/\/www.paulrioux.ca\/?page_id=7601\/"},"modified":"2026-05-25T10:46:03","modified_gmt":"2026-05-25T14:46:03","slug":"retirees-registered-retirement-income-fund-rrif","status":"publish","type":"page","link":"https:\/\/www.paulrioux.ca\/en\/guide\/retirees-registered-retirement-income-fund-rrif\/","title":{"rendered":"Registered Retirement Income Fund (RRIF)"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779720450870{margin-bottom: 0px !important;}&#8221;]\n<h2 class=\"blog-single-title\">Fiscal and Financial Planning Guide 2024-2025<\/h2>\n<h3>Retirees &gt; Registered Retirement Income Fund (RRIF)<\/h3>\n<p>The RRSP must be transferred to a RRIF no later than December 31<sup>st<\/sup> of the year in which the age of 71 is reached. The firsts mandatory withdrawals begin the following year at age 72 (note that the funds accumulated in the RRSP can also be used to acquire an annuity). The following table shows the minimum withdrawals required according to age. There is no maximum withdrawal limit.[\/vc_column_text][vc_single_image image=&#8221;7761&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1743471152779{margin-bottom: 0px !important;}&#8221;]Amounts may be paid monthly or annually at the recipient\u2019s option.<\/p>\n<p>In order to reduce mandatory minimum withdrawals, it is possible to choose a spouse\u2019s age when he or she is younger.<\/p>\n<p>RRIF income can be split with a spouse starting at age 65.[\/vc_column_text][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221;]Note that financial institutions do not have to withhold income tax at source on minimum withdrawals. However, it is generally recommended to ask the institution to voluntarily withhold an amount of tax in the range of 15% to 20% at each level of government (federal and Quebec) so that taxes are paid as RRIF payments are received and avoid a surprise on April 30.[\/vc_cta][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; icon=&#8221;mk-icon-arrow-left&#8221; url=&#8221;\/en\/fiscal-and-financial-planning-guide\/&#8221;]Back[\/mk_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779720450870{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Retirees &gt; Registered Retirement Income Fund (RRIF) The RRSP must be transferred to a RRIF no later than December 31st of the year in which the age of 71 is reached. The firsts mandatory withdrawals begin the following year at age 72 (note that [&hellip;]<\/p>\n","protected":false},"author":124,"featured_media":0,"parent":7402,"menu_order":74,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-7601","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Registered Retirement Income Fund (RRIF) | Paul Rioux CA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paulrioux.ca\/en\/guide\/retirees-registered-retirement-income-fund-rrif\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Registered Retirement Income Fund (RRIF) | Paul Rioux CA\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text margin_bottom=&#8221;0&#8243; css=&#8221;.vc_custom_1779720450870{margin-bottom: 0px !important;}&#8221;] Fiscal and Financial Planning Guide 2024-2025 Retirees &gt; Registered Retirement Income Fund (RRIF) The RRSP must be transferred to a RRIF no later than December 31st of the year in which the age of 71 is reached. 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