National Bank Direct Brokerage
Home Start investing
Pricing
Services
Tools and tutorials
Learning Centre
Webinars and events
You will be redirected to the login page
CLOSE

Help centre

How do you calculate the minimum and maximum amount to withdraw from an RRIF or LIF? 

The minimum amount to be withdrawn from an RRIF or LIF is calculated by the NBDB team at the beginning of each fiscal year. The calculation is based on the fair market value of the plan as of December 31, as well as your age (or your spouse's age, depending on what you decided when you opened your account). To learn more, visit the Canada Revenue Agency (CRA) website.

Related questions

Picto of two text bubbles

Our virtual assistant is here to help

Chat with our virtual assistant 24/7 for answers to your questions.