Yes, you can withdraw a lump sum from your RRIF. However, you will be subject to a lump sum withholding tax on excess amounts above the minimum RRIF withdrawal amount. As of 2022, the withholding rates below apply to RRIF lump-sum payments: Up to $5,000 - 10% (5% for Quebec) Over $5,000 and up to $15,000 - 20% (10% for Quebec)  Over $15,000 - 30% (15% for Quebec)