Calculate mandatory annual minimum withdrawals from a RRIF or LIF based on CRA statutory age schedules and excess withholding taxes.
Cannot be less than the mandatory minimum of 18'900.00 CHF.
Mandatory Annual Minimum Withdrawal
18'900.00 CHF
Equal to 1'575.00 CHF/month (5.40% of portfolio)
Total Withdrawal
18'900.00 CHF
Upfront Withholding Tax
0.00 CHF
0% on mandatory minimum
5-Year Projection (Assuming 4% Annual Growth)
Age < 71: Minimum = Balance / (90 - Age)
Age 71 to 94: Minimum = Balance × CRA Prescribed Rate
Age 95+: Minimum = Balance × 20.00%The minimum withdrawal is calculated as a statutory percentage of your RRIF portfolio value on January 1 of that tax year. Rates start at 5.28% at age 71 and increase progressively to 20% at age 95.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual CRA tax brackets, provincial taxes, Bank of Canada rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor or CPA prior to executing financial commitments.
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