Minimum amount from a RRIF

Effective for the 2015 and subsequent tax years, the minimum amount has been lowered that individuals between 71 to 94 years of age must withdraw each year from their:

• RRIFs
• money purchase provisions of a registered pension plan (RPP) that pays variable benefits
• PRPPs

Amateur athlete trust (ATT)

Qualifying performance income contributed to an AAT now qualifies as earned income in determining the RRSP deduction limit of the trust’s beneficiary.

For more information, see earned income.

Forms and publications

• Guide T4040, RRSPs and Other Registered Plans for Retirement