Gary and Nancy will live for another 26 years inclusive of this year.

• Unless otherwise stated, Gary and Nancy are each assumed to be in a 36% combined marginal tax bracket for the remander of their lives
• Inflation is expected to be an annual rate of 2.5%.
• Investment returns for all Investments are assumed to be 7%.
• The OAS clawback threshold for this year is $77,580.
• The maximum monthly AS benefit from this year forward will remain fixed at $601.45
• The maximum monthly CP benefit from this year forward will remain fixed at $1,154.58.
• The maximum monthly CP benefit 18 months ago was $1,134.17
• YMPE: 3 years ago: $54,900; 2 years ago: $55,300; last year: $55,900
• The net income threshold for enhanced Registered Education Savings Plan CESG payments will remain fixed at $91,831 from this year forward.

Gary intends to wait until the latest possible date before transferring his RRSP assets into a RRIF. Beginning in the year of his first mandatory withdrawal, what is the maximum amount Gary will be able to withdraw from his RRIF at the beginning of each month and still achleve the objective set for his estate? Calculations should reflect an inflation-adjusted, before-tax amount. Assume today's date Is January 15,