RRIF Younger Spouse Age Election — Lower Your Minimum Withdrawals for Years
What Is It?
When establishing a RRIF, you can choose to base the minimum annual withdrawal on the age of your younger spouse or common-law partner instead of your own.
What Most People Don’t Know
- The choice must be made when the RRIF is established.
- It can reduce forced withdrawals for many years.
- This can help with OAS clawback and tax-bracket management.