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RRIF Withdrawal Rate Changes

The 2015 Federal Budget has proposed changes to the minimum RRIF withdrawal rates. Generally speaking the RRIF rates for age 71+ are being decreased.

For example: at age 71 the previous minimum withdrawal amount was 7.38%. With the announced changes the new rate is 5.28%. (The percentage is used against the Dec 31 value of the previous calendar year to determine the minimum amount.)

Contact our office if  you have questions about these changes.

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