Registered Retirement Income Fund (RRIF)

The RRIF is an investment plan that allows you to transfer accumulated amounts from your RRSPs tax-free.

When can I purchase a RRIF?

You can purchase it at any time, but at the latest on December 31 of the year you turn age 71.

How can I withdraw amounts invested in an RRIF?

You have three options:

• Minimum RRIF: you withdraw the minimum income permitted by law.
• RRIF distributed over a number of years: the fixed amount you withdraw is determined by the number of years over which you wish to receive your income. At the end of this period, the RRIF is depleted.
• Fixed Amount RRIF: you determine the annuity according to the desired amount you wish to receive until the RRIF has been depleted.