Proposed RRIF Minimum Withdrawal Change Confirmed


This post provides additional information or updates to financial planning topics.


Proposed RRIF minimum withdrawals set forth in the 2015 Canadian Budget received royal assent on Jun 24, 2015 (they are now law).

  • Minimum payments have been reduced.
  • If a RRIF withdrawal already made in 2015 is greater than the new minimum, a contribution of the difference can be made into the RRIF prior to Feb 29, 2016.

Research & Analysis

Here is a chart outlining the changes. The biggest impact from lower RRIF minimum payments is the capital contained therein will have longer tax-deferred growth (if you only withdraw the minimum). The changes reflect longer lifespans and the need for capital to last longer in retirement.


Contact us if you would like to understand if and how the change may affect you and your retirement plan.



Here are a few links if you would like more information:


Type: Financial Planning

Geography: Canada

Sector: Registered Accounts

Sub-Sector: Registered Retirement Income Funds (RRIFs)

Area(s) of Analysis: minimum withdrawal rate, RRIF factor, RRIF, Registered Retirement Income Fund, Budget 2015, retirement income, retirement savings



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