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:

Shelter your investment growth from taxes

Keep your RRSP money in your RRIF tax-exempt until withdrawn

Withdraw extra cash as you need it, with no maximum withdrawal limit per year

Gain access to proven investment management teams, generally unavailable to individual investors

Choose from a diversified fund line-up—manage your investment mix according to your personal preferences

Take advantage of pension income-splitting with your spouse if you are 65 or older

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.