Current minimal withdrawal percentages
The table below lists the annual minimum withdrawal percentages as they stand today.
| Age (at the start of the calendar year) | Current RIF factors (effective from 2015) | Non-qualifying RIFs (purchased after 1993) | Qualifying RIFs (purchased before 1993) |
|---|---|---|---|
| 60 | 3.33% | 3.33% | 3.33% |
| 61 | 3.45% | 3.45% | 3.45% |
| 62 | 3.57% | 3.57% | 3.57% |
| 63 | 3.70% | 3.70% | 3.70% |
| 64 | 3.85% | 3.85% | 3.85% |
| 65 | 4.00% | 4.00% | 4.00% |
| 66 | 4.17% | 4.17% | 4.17% |
| 67 | 4.35% | 4.35% | 4.35% |
| 68 | 4.55% | 4.55% | 4.55% |
| 69 | 4.76% | 4.76% | 4.76% |
| 70 | 5.00% | 5.00% | 5.00% |
| 71 | 5.28% | 7.38% | 5.26% |
| 72 | 5.40% | 7.48% | 5.56% |
| 73 | 5.53% | 7.59% | 5.88% |
| 74 | 5.67% | 7.71% | 6.25% |
| 75 | 5.82% | 7.85% | 6.67% |
| 76 | 5.98% | 7.99% | 7.14% |
| 77 | 6.17% | 8.15% | 7.69% |
| 78 | 6.36% | 8.33% | 8.33% |
| 79 | 6.58% | 8.53% | 8.53% |
| 80 | 6.82% | 8.75% | 8.75% |
| 81 | 7.08% | 8.99% | 8.99% |
| 82 | 7.38% | 9.27% | 9.27% |
| 83 | 7.71% | 9.58% | 9.58% |
| 84 | 8.08% | 9.93% | 9.93% |
| 85 | 8.51% | 10.33% | 10.33% |
| 86 | 8.99% | 10.79% | 10.79% |
| 87 | 9.55% | 11.33% | 11.33% |
| 88 | 10.21% | 11.96% | 11.96% |
| 89 | 10.99% | 12.71% | 12.71% |
| 90 | 11.92% | 13.62% | 13.62% |
| 91 | 13.06% | 14.73% | 14.73% |
| 92 | 14.49% | 16.12% | 16.12% |
| 93 | 16.34% | 17.92% | 17.92% |
| 94 | 18.79% | 20.00% | 20.00% |
| 95+ | 20.00% | 20.00% | 20.00% |
Fulfilling your RIF minimum payment requirement
When determining the annual minimum withdrawal requirements for your RIF, funds are withdrawn from your account in the following order:
1. Interest that has accrued on the GIC investments held in the plan.
2. If the interest amount does not satisfy the minimum annual withdrawal requirement, Oaken will withdraw the outstanding balance from the principal.
If there are multiple GICs in your plan, funds are withdrawn from the principal in the following order:
1. The GIC with the lowest interest rate.
2. If the interest rate is the same between 2 or more GICs, funds will be withdrawn first from the GIC with the earlier issue date.
3. If the interest rate is the same between 2 or more GICs, and 2 or more GICs also have the same issue date, funds will be withdrawn first from the GIC with the lowest balance.
