About Registered Retirement Income Fund (RRIF)

Extend your tax savings into your retirement years.

A Registered Retirement Income Fund (RRIF) is a tax-deferred investment plan and one of several options available to holders of registered funds at retirement. A RRIF can be created tax-free with the proceeds of a Registered Retirement Savings Plan (RRSP) or another RRIF. Like an RRSP, a RRIF can be opened at any age. Unlike an RRSP, no new contributions can
ever be made, and a minimum amount must be withdrawn and taxed as income every year.

Key Benefits

The minimum amount to be withdrawn is determined by a formula that takes the age of the plan holder or the plan holder’s spouse into consideration. Withdrawals can extend over the lifetime of the plan holder or their spouse.


If your spouse is younger than you, you have the option of withdrawing less per year and therefore, paying less tax.

Funds invested in an RRIF account are tax-sheltered, so your money keeps working for you.


You decide how and when you withdraw amounts from your RRIF account, as long as you respect the legislated minimum annual payment requirements.

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