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Matco Financial
Overview
How we coordinate planning, tax, estate, and investments
Individuals & Families
Personal wealth management for every life stage
Family Office
Comprehensive coordination for complex wealth families
Separately Managed Portfolios
Factor-based mandates with direct ownership at $1M+
Overview
Our investment philosophy and fund platform
Our Funds
Five actively managed strategies
For Institutions
Foundations, endowments, trusts & non-profits
Our Story
How and why Matco was founded
Our Team
The people behind your portfolio
In the Media
Matco in the press and industry features
Market Commentary
Videos and insights from our portfolio managers
The Matco Note
Our monthly newsletter from the team
Retirement Calculator
Project your savings and retirement income
Risk Profile
Understand your investment risk tolerance and capacity
Contact
Client LoginGet Started
Reference

RRIF, LIF & LRIF withdrawal limits

Annual minimum and maximum withdrawal rates for Canadian registered retirement accounts (2025). Rates apply at the start of each calendar year and vary by age and, for LIF/RLIF maximums, by jurisdiction.

Updated January 1, 2025
2025 RRIF, LRIF, pRRIF, LIF, and RLIF minimum and maximum annual withdrawal rates by age and jurisdiction.
Age (at start of year)RRIF/LRIF/pRRIF/LIF/RLIF
Minimum
LIF/RLIF Maximum
Federal (incl. Territories)
LIF Maximum
MB, NS
LIF Maximum
AB, BC, ON, NL, NB, SK
552.86%5.10%6.40%6.51%
562.94%5.15%6.50%6.57%
573.03%5.21%6.50%6.63%
583.13%5.27%6.60%6.70%
593.23%5.34%6.70%6.77%
603.33%5.42%6.70%6.85%
613.45%5.50%6.80%6.94%
623.57%5.59%6.90%7.04%
633.70%5.68%7.00%7.14%
643.85%5.79%7.10%7.26%
654.00%5.91%7.20%7.38%
664.17%6.04%7.30%7.52%
674.35%6.19%7.40%7.67%
684.55%6.35%7.60%7.83%
694.76%6.53%7.70%8.02%
705.00%6.73%7.90%8.22%
715.28%6.96%8.10%8.45%
725.40%7.22%8.30%8.71%
735.53%7.52%8.50%9.00%
745.67%7.86%8.80%9.34%
755.82%8.27%9.10%9.71%
765.98%8.73%9.40%10.15%
776.17%9.26%9.80%10.66%
786.36%9.88%10.30%11.25%
796.58%10.62%10.80%11.96%
806.82%11.50%11.50%12.82%
817.08%12.59%12.10%13.87%
827.38%13.95%12.90%15.19%
837.71%15.70%13.80%16.90%
848.08%18.03%14.80%19.19%
858.51%21.30%16.00%22.40%
868.99%26.22%17.30%27.23%
879.55%34.41%18.90%35.29%
8810.21%50.80%20.00%51.46%
8910.99%100.00%20.00%100.00%
9011.92%100.00%20.00%100.00%
9113.06%100.00%20.00%100.00%
9214.49%100.00%20.00%100.00%
9316.34%100.00%20.00%100.00%
9418.79%100.00%20.00%100.00%
95 & above20.00%100.00%20.00%100.00%
Sources: Federal and provincial legislations, regulations and policies, 2025
Notes
About these rates
RRIF/LRIF/pRRIF/LIF/RLIF plans of every jurisdiction share the same minimum payment rates. LIF/RLIF plans have maximums that vary by jurisdiction.
Prince Edward Island does not have pension legislation.
No proration is required on the maximum in the first year of LIF payments for British Columbia, Manitoba, New Brunswick, Quebec, or Alberta where a LIF is opened during the year.
If you are receiving temporary income, the maximum amount you receive could be adjusted.
As of January 1, 2025, there are no LIF maximum withdrawal restrictions in Quebec when the annuitant is age 55 or older at the time the application for income is filed.
RRIF accounts opened prior to December 31, 1992 are subject to different rules.
Footnotes
Provincial details and exceptions
Manitoba allows transfers to a prescribed RRIF if certain conditions are met. Prescribed RRIFs do not have maximum withdrawal limits. The maximum LIF payment for Manitoba is the greater of the percentage in the above columns or the sum of the previous year’s investment return plus 6% of any amounts transferred in from a LIRA or pension plan in the current year.
The maximum LIF payment for Alberta, British Columbia, Newfoundland and Labrador, and Ontario is the greater of the percentage in the above columns or the previous year’s investment return.
Saskatchewan allows transfers from a LIRA to a prescribed RRIF. Prescribed RRIFs do not have maximum withdrawal limits. Saskatchewan LIFs have not been offered since April 2002. Any pre-existing LIF must be converted to a life annuity before December 31 of the year in which you turn 80. Since the LIF will cease to exist at this date, subsequent maximum payment rates do not apply.

The material in this document is intended as a general source of information only and should not be construed as offering specific tax, legal, financial, or investment advice. Every effort has been made to ensure that the material is correct at the time of publication, but we cannot guarantee its accuracy or completeness. Interest rates, market conditions, tax rulings, and other investment factors are subject to rapid change. You should consult with your tax advisor, accountant, and/or legal advisor before taking any action based upon the information contained in this document. This document has been prepared for use by Matco Financial Inc.

Questions about your RIF/LIF strategy?

Withdrawal timing, jurisdiction differences, and tax efficiency all interact. Talk it through with a wealth advisor.

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Matco Financial

Matco Financial is an independent investment firm in Calgary, focused on families, non-profits, and institutions across Canada.

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© 2026 Matco Financial Inc.