Which of the following can influence the amount of minimum withdrawals from a RRIF?

The correct answer pertains to how the minimum withdrawals from a Registered Retirement Income Fund (RRIF) are calculated, particularly emphasizing the age of the holder and their spouse. For RRIFs, the amount that must be withdrawn each year is primarily determined by the age of the annuitant.

However, if the RRIF holder is married, the age of the younger spouse can come into play. This is because the minimum withdrawal factor can be adjusted based on the age of the younger spouse, allowing for potentially smaller withdrawals. The rationale behind this approach is to better reflect the life expectancy of the couple, providing the option for lower withdrawals in cases where the younger spouse is significantly younger than the holder.

While the market value of the RRIF can impact the overall amount available, it does not directly influence the calculation of minimum required withdrawals. Hence, the minimum withdrawal is not merely a function of market performance, but rather a formula that incorporates the ages of the holders involved. This is why the age of the younger spouse becomes a critical factor when determining withdrawals for those with spousal RRIFs.