Each year, there must be a minimum withdrawal, which depends on the age of the RRIF holder and the total balance of the account. Amounts paid out of a RRIF are taxable on receipt. It is expressed as the difference between the highest, i.e., the peak value of that asset, and the lowest, i.e., the trough value of the same. All examples are hypothetical and are for illustrative purposes only. We cannot and do not guarantee its applicability or accuracy. Actual results may vary, possibly substantially. This calculator is made available to you as a tool for independent use and is not intended to provide investment advice. Vancity will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results. Vancity does not make any express or implied warranties or representations with respect to any information or results in connection with this calculator. drawdown synonyms, drawdown pronunciation, drawdown translation, English dictionary definition of drawdown. Actual withdrawal minimums, payments and investment periods will vary over time, depending on changing circumstances, actual rates of return, and other factors.
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