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Financial Literacy
We know that strong financial literacy is key to making informed decisions about money.
Registered Retirement Income Fund (RRIF)
Maximize your retirement income
Registered Retirement Income Funds (RRIFs) are the most popular form of self-directed retirement income.
A RRIF is basically the reverse of your RRSP. Instead of putting money into a savings plan, you withdraw it as an income source at regular intervals throughout the year. Plan holders are required to take a minimum level of taxable payments from their RRIF on an annual basis. At age 71, all RRSP investments must be converted to either a RRIF or an annuity.
Discover the retirement income options available to you.
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Why choose a RRIF?
Defer taxes and maximize your investment potential
Your investment continues to grow tax-sheltered while in a RRIF account.
You have choices
You choose the payment schedule and withdrawal amount (as long as the required minimum is taken out).
Avoid estate tax
If you pass away, your RRIF can be transferred tax-free to your spouse.
Let's discuss your options
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