{"id":3,"date":"2026-08-29T09:00:00","date_gmt":"2026-08-29T09:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/sharonfinancial-ca\/2026\/08\/29\/rrif-minimums-get-pricier-when-you-wait\/"},"modified":"2026-08-29T09:00:00","modified_gmt":"2026-08-29T09:00:00","slug":"rrif-minimums-get-pricier-when-you-wait","status":"publish","type":"post","link":"https:\/\/www.sharonfinancial.ca\/blog\/2026\/08\/29\/rrif-minimums-get-pricier-when-you-wait\/","title":{"rendered":"RRIF Minimums Get Pricier When You Wait"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/sharon-51\/rrif-tax-problem-remotion-videos-7691\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>In Canada, RRSPs had to close by Dec. 31 of the year someone turned 71, often moving into a RRIF with taxable minimum withdrawals.<br \/>\nThose minimums were based on the account\u2019s Jan. 1 value and age factor, starting near ~5% in early years and reaching ~20% from age 95.<br \/>\nA hypothetical $500K RRSP compounding at ~5% for seven years grew to ~$704K, pushing an age-72 minimum near $38K instead of $27K.<br \/>\nThat extra taxable income could matter once CPP, OAS, workplace pensions, or investment income start, with the 2026 OAS recovery tax applying above &gt;$95K.<br \/>\nUsing lower-income years for partial withdrawals, pension-income splitting, a younger spouse\u2019s age for RRIF setup, and TFSA contributions may spread taxes more deliberately.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In Canada, RRSPs had to close by Dec. 31 of the year someone turned 71, often moving into a RRIF with taxable minimum withdrawals. Those minimums were based on the account\u2019s Jan. 1 value and age factor, starting near ~5% in early years and reaching ~20% from age 95. A hypothetical $500K RRSP compounding at [&hellip;]<\/p>\n","protected":false},"author":372,"featured_media":40,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/posts\/3","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/users\/372"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/comments?post=3"}],"version-history":[{"count":0,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/posts\/3\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/media\/40"}],"wp:attachment":[{"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/media?parent=3"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/categories?post=3"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sharonfinancial.ca\/blog\/wp-json\/wp\/v2\/tags?post=3"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}