02-09-2026 07:36 via moneysense.ca

The ripple effect of RRIF withdrawals

My first RRIF withdrawal pushed up my taxes more than I expected and I’ve now been hit with quarterly instalment payments from the Canada Revenue Agency (CRA). I’m still working past age 71, like a lot of people these days, either by choice or necessity, on top of the mandatory withdrawal. I am not sure most people are aware of all of the unintended consequences of mandatory RRIF withdrawals.  —JohnHi John. You are right to raise this because registered retirement inc
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