Can minimum RRIF or LIF withdrawals use my spouse’s age?
Where to find it: ACCOUNTS and INVESTMENTS
If your spouse is included in the scenario and is younger than the account owner, the retirement-account form offers the option to use the younger spouse’s age for minimum withdrawals. Open the account’s properties in ACCOUNTS and INVESTMENTS, review that option and save.
This changes the age used in the minimum-withdrawal calculation. It does not change the account’s owner, make it joint or transfer the taxable income to your spouse. The option can also be entered before conversion so it will apply when the account becomes an income fund.
Choose the setting that matches the arrangement with the institution. For an existing fund, using a younger spouse’s age is an establishment choice, rather than a new election you can necessarily make each year. A LIF’s maximum withdrawal is a separate restriction.