RRIF

Registered Retirement Income Fund

Enjoy your retirement

Key Features


Payment schedule

Automatic payments straight to your chequing or savings account.

Flexible additional withdrawals

Access your funds anytime.

Investment options

GICs, Index-linked term deposits and mutual funds available.

No hidden Fees

No commission charged or administration fee.

Mutual Funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured or guaranteed and are not covered by the Canada Deposit Insurance Corporation of by any other government deposit insurer that insures deposits in credit unions. Their values change frequently and past performance may not be repeated.

Frequently Asked Questions

​What is a Registered Retirement Income Fund?

A Registered Retirement Income Fund is a continuation of an RRSP. A RRIF provides you with an orderly payout of your RRSP funds to supplement your income, or for retirement income purposes. 

​Do I have to withdraw from my Registered Retirement Income Fund?

Yes, a minimum amount must be withdrawn each year as determined by the government.

​Do I have to pay tax on the minimum amount that I am required to withdraw?

There is no tax withheld when the minimum amount is withdrawn from your RRIF. All RRIF payments are subject to income tax in the year that income is received. You do have the option to withhold tax when your minimum amount is withdrawn from your RRIF. 

​Is there a limit or maximum amount I can withdraw from RRIF? 

No, there is no limit or maximum amount you can withdraw from your RRIF. You can always withdraw any amount in excess of the minimum amounts. However, payments received are subject to withholding tax at the following percentages: 

  • 10% - payment is less than $5,000
  • 20% - payment is more than $5,000 but less than $15,000
  • 30% - payment is more than $15,000 

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Mutual Funds

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