Registered Retirement Income Fund (RRIF)

Your savings become flexible retirement income.

Whatever the reason, have access to your money when you need it.

What is a RRIF?

In a way, it’s your RRSP, but reversed. The RRSP allows you to save for your retirement through annual contributions, while the RRIF does the opposite. To fund your retirement, you must withdraw a minimum amount each year from your savings.

Tax-advantaged growth

As long as it is not withdrawn, the money you invest in an RRIF remains sheltered from tax, including the gains realized on the investments.

A flexible income

There is no maximum amount of money you can withdraw at any time.

Diversified investments

Whether it’s mutual funds, segregated funds or more, you can invest your money however you see fit.

How does it work?

You can convert your RRSP into a RRIF at any time, before December 31 of the year in which you turn 71.
You choose how you want to invest your money.
Subject to certain requirements, you can determine the amount and timing of withdrawals.
The government, on the other hand, determines the minimum amount you must withdraw each year.
Withdrawals from a RRIF are all taxable as employment income.

When will I need a RRIF?

Plan for your retirement today.

Our team can answer all your questions, understand your situation and help you build a plan.