The government sets a minimum amount you must withdraw from your RRIF each year, whether you need the income or not. This calculator shows you what those required payments look like year over year in Alberta so you can plan your retirement income and manage the tax impact across Canada.
Most clients focus on the required withdrawal, but the real planning starts with what that withdrawal does to income, tax, and estate value. A consultation call is where we make the RRIF part of the larger plan.