RRIF

A smart retirement strategy.

When the time is right you can transfer your Registered Retirement Savings Plan (RRSP) to a Registered Retirement Income Fund (RRIF) and continue to defer taxes while earning interest income. We work with you to ensure that when that time comes you have enough resources to continue your retirement in the manner you desire. This requires a long-term strategy that should begin long before you transfer to a RRIF. You are able to make annual contributions until December 31st of the year you turn 71, then your RRSP must be converted to a RRIF. Talk to us now about you retirement needs.

  • Starting in the year after you establish a RRIF, you have to be paid a yearly minimum amount.  

  • You must start withdrawing funds after the age of 71.

  • Flexible payments allow you to vary your income depending on what you need.

  • The required minimum is based on your age at the beginning of each year. You can choose to have the payment based on your spouse or common-law partner's age.

  • There is no maximum amount.

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RRIF Calculator

How much do you need to retire comfortably? This calculator helps you figure out the savings you will need to reach your financial goals for retirement.