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Do minimum RRIF withdrawal amounts vary as I get older?



Our response:

When it comes to minimum RRIF withdrawal amounts, the minimum amount does increase as you get older. The percentage is based on your age on January 1 of the year you are making the withdrawal. For example the minimum amount for a 72 year old is 5.40%. The minimum for a 85 year old is 8.51%.

Learn more about making withdrawals from your RRIF

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