The minimum RIF Payment Amount is calculated based on your age (or your spouse's age, as applicable) and the balance in your RIF Plan at the beginning of each year. Simply multiply the appropriate factor mentioned in the table below by your RIF Plan balance (or fair market value) on January 1st of the year that the minimum RIF Payment Amount is calculated for. Please note that the table below is provided for information purposes only. This information is also available on the CRA website. Please visit the CRA website at cra.gc.ca for the latest information on RSPs and RIFs.

Age on Jan. 1st	Factor (Post 1992)
Under 71	1/(90 - Y) Y = Current Age
71	0.0528
72	0.0540
73	0.0553
74	0.0567
75	0.0582
76	0.0598
77	0.0617
78	0.0636
79	0.0658
80	0.0682
81	0.0708
82	0.0738
83	0.0771
84	0.0808
85	0.0851
86	0.0899
87	0.0955
88	0.1021
89	0.1099
90	0.1192
91	0.1306
92	0.1449
93	0.1634
94	0.1879
95 or older	0.2000