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Registered Retirement Income Fund (RRIF)

Quick facts

  • Main feature: income from tax-sheltered investments
  • Withdrawal: lump-sum withdrawals allowed (subject to the maximum withdrawal amount)
  • Conversion: convert all or a portion of your RRIF into an annuity at any time.
  • Index option: income payment amounts can be adjusted annually
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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
See RRIF investment options
Retirement income amount and frequency
  • 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.
Eligible for these plans
Registered plans: RRSP, TFSA, FTA, LIRA, locked-in RRSP, RRIF, LIF.
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.
    See advice on RRIFs, LIFs and taxation
  • 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.

Find out more

Read the Manage your retirement income section.

Did you know?

To help you achieve your retirement goals, Desjardins Financial Security Guaranteed Investment Funds and the Helios Contract will provide you with a guaranteed and predictable income, regardless of market fluctuations.

How to get this product
At the caisse At the caisse
Make an appointment with a caisse advisor: