RRIFs

Registered Retirement Income Fund

Live well during retirement…with a Registered Retirement Income Fund (RRIF).  Now that you are getting ready to retire, you want to feel comfortable that you’ll enjoy the lifestyle that you have planned for. Similar to an RRSP, a RRIF provides the advantage of tax-free growth of within your retirement plan, as well as maximum flexibility in establishing an income stream.

Flexible Payment Options

Canada Revenue Agency (CRA) requires that you receive at least a minimum payment from your RRIF each year, but beyond that, your RRIF can be completely customized to meet your budget requirements and personal goals. Arrange payments for life, or request a specific amount in excess of the minimum requirement to meet your changing needs.

Fixed Rate – RRIF

  • Available in 1, 2, 3, 4 or 5 year terms
  • Minimum deposit $500
  • Non-redeemable
  • Interest is paid annually to the investment
  • Competitive Rates

Variable Rate – RRIF

  • Variable Rate of interest
  • Interest paid semi-annually in June and December
 

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