Registered Retirement Income Fund (RRIF)

An RRIF is basically a continuation of your RRSP beyond the age of 71, with the exception that you must begin to receive taxable income.

You may choose any payment amount you wish, as long as it satisfies the mandatory minimum amount. The benefit of a RRIF (unlike an annuity) is that they are extremely flexible and remain under your control. Payments can be made monthly, quarterly, semi-annually or annually.

DEPOSIT INSURANCE IDENTITY THEFT INVESTING RATES SERVICE FEES

Life Events Calculators:

Cool Million Education Savings Compound Interest Savings Savings Goal Rate Comparison Net Worth Retirement Planner Life Expectancy Risk Tolerance RRIF