Have a Question?
Enter your question in sentence form (e.g., How do I contact Simplii Financial?).
Do not include any confidential information, such as card or account numbers.
We matched your question to:
How do I receive the income of an RRIF?
Rate this response
You’ll get a minimum amount annually from a RRIF. The financial institution that holds the RRIF calculates that amount as required by the Income Tax Act based on your age when you open the RRIF.
The payments can also be calculated based on the age of your spouse or common-law partner. Before the first minimum payment is made, you must decide whose age to base the minimum payments on. You can’t change it after that.
- Do I need an RRIF?
- What is a Registered Retirement Income Fund (RRIF)?
- Who can receive a scheduled or recurring e-Transfer?
- When can I access my tax documents?
- How do I add an account from another financial institution?
- What’s Interac e-Transfer and what do I need to use the service?
- How do I send money via Interac e-Transfer and what are the fees?
- How do I open a bank account?
- How do I use my Debit Mastercard online?
- How do I set up a scheduled or recurring e-Transfer?
![powered by [24]7](img/pwrdbyir.gif){kind=small}