Glacier FinancialThe CRA has a withdrawal schedule for your RRIF. Here it is, in your dollars.
The year you turn 72, the CRA makes you take out
$55,721 — whether you need it or not
Left untouched, your $750,000 grows to $1,055,325 first — which is exactly why the forced withdrawal is this big. The minimum climbs every year. By the year you turn 95, the CRA's number is $79,293, every dollar of it taxed as income on top of what you already make.
Tax on withdrawals to 95
$567,320
on $1,620,726 withdrawn
OAS clawed back
$157,583
starts the year you turn 72
Still in the RRIF at 95
$359,839
$172,853 of it goes to CRA on the final return
Move any slider and everything updates instantly. Nothing is sent anywhere.
CPP, pensions, annuities — before tax. Don't count OAS or this RRIF money.
Nominal return, before inflation.
Needed to check the recovery-tax (clawback) line.
Waiting means bigger forced withdrawals later. Drawing earlier means tax sooner. This tool shows you which wins on your numbers.
A one-time election when the RRIF is opened. Lowers every minimum.
Your forced-withdrawal milestones, the tax on each, the clawback years, and the levers that shrink them — saved to your phone instead of lost in a browser tab.
three of the 57 Checks
Managing the withdrawals the government forces later
so mandatory minimums in your 80s do not push you into a higher-tax zone.
Drawing down your RRSP/RRIF in the low-tax years
pulling registered money out while it is cheap, before it is forced out later when it is not.
Fine-tuning each year's income
small adjustments to keep every year in the lowest sensible bracket.
your forced minimums push you over the OAS line at 72. i would look at pulling money out earlier, while it is cheap, so the clawback never starts.
you have built something worth planning around.
at your stage the big wins are in how the money comes out: the order you draw it down, when CPP and OAS start, and how much tax your family keeps. on a free fit call Marc goes through your numbers with you and tells you honestly if he can help.
those are three of the 57 Checks. the other 54 are what the plan runs.
The factor starts at 5.28% and never stops climbing — 6.82% the year you turn 81, 8.51% at 86, 20% from 96 on. Here is what that does to your dollars.
Red years: the forced withdrawal pushes your income over the OAS clawback line.
For the next 7 years nothing is withdrawn and the balance compounds. Then the schedule takes over:
| Age | Balance Jan 1 | Minimum % | You withdraw | Tax | OAS lost | Kept, after tax | Balance left |
|---|---|---|---|---|---|---|---|
| 72 | $1,055,325 | 5.28% | $55,721 | $18,405 | $4,678 | $32,639 | $1,049,584 |
| 73 | $1,049,584 | 5.40% | $56,678 | $18,820 | $4,821 | $33,037 | $1,042,552 |
| 74 | $1,042,552 | 5.53% | $57,653 | $19,243 | $4,967 | $33,442 | $1,034,144 |
| 75 | $1,034,144 | 5.67% | $58,636 | $19,793 | $5,249 | $33,595 | $1,024,283 |
| 76 | $1,024,283 | 5.82% | $59,613 | $20,217 | $5,395 | $34,001 | $1,012,904 |
| 77 | $1,012,904 | 5.98% | $60,572 | $20,633 | $5,539 | $34,400 | $999,949 |
| 78 | $999,949 | 6.17% | $61,697 | $21,121 | $5,708 | $34,868 | $985,164 |
| 79 | $985,164 | 6.36% | $62,656 | $21,538 | $5,852 | $35,267 | $968,633 |
| 80 | $968,633 | 6.58% | $63,736 | $22,007 | $6,014 | $35,716 | $950,142 |
| 81 | $950,142 | 6.82% | $64,800 | $22,468 | $6,173 | $36,158 | $929,609 |
| 82 | $929,609 | 7.08% | $65,816 | $22,910 | $6,326 | $36,581 | $906,983 |
| 83 | $906,983 | 7.38% | $66,935 | $23,395 | $6,493 | $37,046 | $882,050 |
| 84 | $882,050 | 7.71% | $68,006 | $23,860 | $6,654 | $37,492 | $854,746 |
| 85 | $854,746 | 8.08% | $69,063 | $24,319 | $6,813 | $37,932 | $824,967 |
| 86 | $824,967 | 8.51% | $70,205 | $24,815 | $6,984 | $38,406 | $792,500 |
| 87 | $792,500 | 8.99% | $71,246 | $25,267 | $7,140 | $38,839 | $757,317 |
| 88 | $757,317 | 9.55% | $72,324 | $25,735 | $7,302 | $39,288 | $719,243 |
| 89 | $719,243 | 10.21% | $73,435 | $26,217 | $7,468 | $39,750 | $678,099 |
| 90 | $678,099 | 10.99% | $74,523 | $26,689 | $7,632 | $40,202 | $633,754 |
| 91 | $633,754 | 11.92% | $75,544 | $27,132 | $7,785 | $40,627 | $586,121 |
| 92 | $586,121 | 13.06% | $76,547 | $27,568 | $7,935 | $41,044 | $535,053 |
| 93 | $535,053 | 14.49% | $77,529 | $27,994 | $8,083 | $41,452 | $480,400 |
| 94 | $480,400 | 16.34% | $78,497 | $28,414 | $8,228 | $41,855 | $421,997 |
| 95 | $421,997 | 18.79% | $79,293 | $28,760 | $8,347 | $42,186 | $359,839 |
Scroll the table sideways on mobile. "Tax" is the extra tax the withdrawal causes on top of your other income, at 2026 combined Ontario + federal rates.
This is an educational tool, not financial advice. Real plans depend on investment performance, tax rule changes, government benefit changes, and your own circumstances. For a personalized plan, book a fit call with Marc.
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The schedule is the CRA's. What you do in the ten years before it starts is yours. A real drawdown plan works off your actual accounts, your pension, and your tax return — book a fit call and we will look at yours.