OSFI updates maximum withdrawal amounts for retirement accounts
January 09, 2026
The Office of the Superintendent of Financial Institutions has updated the maximum annual withdrawal limits for Life Income Funds (LIFs), Restricted Life Income Funds (RLIFs), and variable benefit accounts for 2026 under the Pension Benefits Standards Regulations, 1985 (“PBSR”).
The PBSR requires the use of two interest assumptions in calculating maximum annual withdrawal limits. One is based on the monthly average yield on Government of Canada bonds of maturity over 10 years for the first 15 years of retirement. This rate increased from 3.26% in 2025 to 3.49% in 2026. The other is a fixed interest rate assumption of 6.0% for the remaining period up to age 90.
The maximum annual withdrawal limit is intended to maintain sustainable retirement income for the applicable individual until at least age 90.
Click on ‘More information’ below to see the complete table of the limits on withdrawal amounts:
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