Registered Retirement Income Funds

When you're ready to convert your RRSP savings to income, you're dealing with a financial product which becomes you're own personal pension plan.

Registered Retirement Income Funds (RRIFs) provide income from your RRSP while sheltering the balance from taxation.

Up to $1,000 in payments per year qualify for the pension income tax credit if you are 65 or older. You cannot contribute directly to a RRIF, but funds can be transferred from an RRSP, another RRIF or a Registered Pension Plan.

Benefits of a RRIF

It's a good idea to speak with our Certified Financial Planners who can help you with your retirement options and plan an investment portfolio which allows you to enjoy your retirement the way you want to.