MINIMUM ANNUAL RRIF WITHDRAWALS

AGE     PERCENTAGE   48 2.38 49 2.43 50 2.50 51 2.56 52 2.63 53 2.70 54 2.77 55 2.86 56 2.94 57 3.03 58 3.13 59 3.23 60 3.33 61 3.45 62 3.57

AGE	PERCENTAGE
63	3.70
64	3.85
65	4.00
66	4.17
67	4.35
68	4.55
69	4.76
70	5.00
71	7.38
72	7.48
73	7.59
74	7.71
75	7.85
76	7.99
77	8.15

AGE	PERCENTAGE
78	8.33
79	8.53
80	8.75
81	8.99
82	9.27
83	9.58
84	9.93
85	10.33
86	10.79
87	11.33
88	11.96
89	12.71
90	13.62
91	14.73
92	16.12
93	17.92
94	20.00
95	20.00
96	20.00
97	20.00
98	20.00
99	20.00

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WITHHOLDING TAX RATES

Amount	Federal All Provinces *Except Quebec	Quebec Resident
		Federal	Provincial
Up to $5,000	10%	5%	18%	17%	16%
5,000.01 to $15,000	20%	10%	21.5%	20.75%	20%
$15,000.01 and over	30%	15%	21.5%	20.75%	20%

Payments may commence immediately but any payments made in the calendar year of purchase, including minimum payments, are subject to withholding tax. Otherwise only payments in excess of the minimum are subject to the withholding taxes.

 

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