You have to start withdrawing money from your RRIF in the year after you open it. If you open a RRIF account the year you turn 71, you do not need to make a withdrawal in the first year. If the RRIF account was opened prior to the year you turned 71, you must take out the minimum in that calendar year (between January 1 and December 31). The minimum RRIF withdrawals, which are set by the federal government, are based on the age you are on January 1 of the year. Learn more about making withdrawals from your RRIF.