RRIF
A smart retirement strategy.
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Starting in the year after you establish a RRIF, you have to be paid a yearly minimum amount.
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You must start withdrawing funds after the age of 71.
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Flexible payments allow you to vary your income depending on what you need.
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The required minimum is based on your age at the beginning of each year. You can choose to have the payment based on your spouse or common-law partner's age.
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There is no maximum amount.
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