Can I specify a partial RRSP-to-RRIF conversion?

The account’s Age to convert to RRIF field sets the conversion of the entire projected account. It does not have a percentage field to convert only part of that account at a future date.

You may want to make partial RRSP-to-RRIF conversions from age 65 until the RRSP is fully converted. This is because RRIF withdrawals are eligible for the pension tax credit and can be split as pension income with your spouse, whereas RRSP withdrawals are not. You can arrange partial conversions with your RRSP provider to obtain these tax benefits without converting the full account, which would then require yearly taxable withdrawals.

TIME MACHINE automatically models this treatment: RRSP withdrawals from age 65 are considered pension income. You can request these withdrawals by setting an AUTOMATIC Withdrawal starting in the year the account owner turns 65. This also applies to other RRSP-like account types: GRSPs, DPSPs, DCPPs and LIRAs. Withdrawals from RRIFs and LIFs, annuity payments and private pension income (at any age) are considered pension income for the pension credit and income splitting.