Registered Retirement Income Fund (RRIF)

What Is It?

The Registered Retirement Income Fund (RRIF) is the easiest way to convert partial or total RRSP funds into a regular retirement income.
All amounts deposited in a RRIF remain tax-sheltered, and you pay only tax on the retirement income you withdraw annually.


When can I purchase an RRIF?
You can purchase it at any time, but at the latest on December 31 of the year in which you turn 71.


How can I withdraw amounts invested in an RRIF?

You have three options:

  • Minimum RRIF: you withdraw the minimum income permitted by legislation.
  • Leveled RRIF: the amount of the annuity is determined by the number of years over which you wish to spread your income. At the end of this period, the RRIF is exhausted.
  • Fixed Amount RRIF: you determine the annuity according to the desired amount until the RRIF has been exhausted.

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