Should I indicate my spouse's age when opening my RRIF account? 

The minimum amount can be calculated based on your age or the age of your spouse.

The minimum withdrawal allowed for the year is the product of a multiplication of a progressive percentage prescribed by the CRA, based on the age designated to the plan and the market value of the account on December 31. The older the individual, the lower the withdrawals. This allows you to grow the funds accumulated in your RRIF while spreading your payments over a longer period.

Note that, under Canada Revenue Agency (CRA) regulations, this choice is irrevocable, even after a divorce or the death of a spouse. In addition, this option is only available when the RRIF is opened.

Consult the RRIF section of the National Bank website for more information.