Becoming a Member
Note: You must transfer your RRSP to an RRIF no later than December 31 of the year you turn 71.
Who should get this investment?
Savers who want to convert their RRSP savings into retirement income. Ideal if you want flexible payment options.
Features
| Investment options |
Ask an advisor for more details.
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Retirement income amount and frequency
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- Flexible.
- Can be changed at any time, provided that the annual minimum withdrawal amount is met.
- Frequency of payments: monthly, quarterly, semi-annually or annually.
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| Other |
- Income can be spread out over a number of years to create a lifetime income.
- Your tax burden can be spread out over several years.
- Income amounts can be adjusted annually by indexing your periodic payments.
- At death, RRIF balance is transferred to surviving spouse or, in certain conditions, your estate.
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