Chart – Prescribed factors

All prescribed factors under the column "Pre-March 1986" have been calculated. Additionally, the prescribed factors under the column Qualifying RRIFs (between the ages of 71-78 only) have also been calculated.

If the age is 70 years or younger, the prescribed factor is calculated as follows: 1 divided by (90 minus the age).

1. You can continue to use the "Pre-March 1986" factor for a RRIF that was set up before 1986, unless it was revised or amended at any time or holds an annuity contract after July 1997 for all years that start after the earliest of the following days:

• the day is after July 1997
• the day on which the trust holds such a contract

2. A qualifying RRIF is one that has never received any property as consideration, other than property transferred from another qualifying RRIF, and was set up during one of the following periods:       

• before 1986 and has since been revised or amended
• after 1986 and before 1993
• after 1992 with funds or property transferred directly from another qualifying RRI

3. In all other cases, use "All other RRIFs" factor.