Retirement income and tax-deferred investment growth
Help make the most of your savings by converting your registered retirement savings plan (RRSP) to a registered retirement income fund (RRIF) when you’re ready to start receiving income in retirement. This way, you can keep your savings tax-sheltered and generate a stream of income for your retirement years.
How it works
Converting your RRSP to a RRIF turns your savings plan into a retirement income plan, and continues to provide opportunities for tax-sheltered investment growth. With a RRIF, you can work with your advisor to manage your investments the way you want during your retirement:
Customize income payouts from your RRIF
Meet your individual needs, provided you withdraw the minimum amount each year, starting the year after you acquire your RRIF
Ready to invest?
Speak to your advisor to discuss investment options to help meet your needs. If you don’t have an advisor, we can help you find one.