Registered Retirement Income Fund (RRIF)

A RRIF is a plan registered with the federal government to defer tax on income earned until you withdraw an income from your plan. The savings you accumulated in your RRSP must be transferred in to a RRIF no later than the end of the calendar year you turn age 71.

The purpose of this type of plan is to generate an income for you during your retirement years. You can transfer your RRSP to this plan at any age. Much like a company pension plan, a RRIF is like your own personal pension you build with savings through your working lifetime. You will be required to draw a minimum amount based on a percentage calculation at December 31st each year.

There are multiple types of investment options available to you in a RRIF. Whether it is GIC's, Mutual Funds or Segregated Funds, by working with you to identify your goals, we will find the best investment solution(s) for you.

Call or email us to find out how we can assist you with your RRIF solution.