RRIF (Registered Retirement Income Fund)

RRIFs help ensure you have an income when you retire

Who can take out a RRIF?

• Anyone with a Registered Retirement Savings Plan (RRSP) has until the end of the year in which they turn 71 to set up a Registered Retirement Income Fund (RRIF).
  
  
• This option is available when the RRSP holder starts to make gradual withdrawals or when they turn 71.

Why take out a RRIF?

• To be able to transfer, tax-free, the funds you have accumulated in an RRSP in order to generate retirement income.
  
  
• To help you save tax, even if withdrawals are taxable. Because:
  
  
  • Tax is only payable on amounts withdrawn from your RRIF;
    
    
  • Income generated by RRIF investments is not taxable for as long as it remains in the RRIF;
    
    
  • Since you can withdraw funds as you need them and you are generally in a lower tax bracket when you retire, you will have less tax to pay.

To learn more about Registered Retirement Income Funds (RRIFs)

How it works?
Questions about RRIF withdrawals
Spousal RRIFs
Death, taxation and administrative fees
How to get the most out of your RRIF