Registered retirement income fund (RRIF)

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Registered retirement income fund (RRIF) Image

Take charge of your retirement income

  • Tax-sheltered investment income
  • Flexible investment and withdrawal options

A registered retirement income fund (RRIF) is an extension of your RRSP and the non-locked-in portion of your VRSP.

You can convert all or some of your RRSPs into RRIFs before you turn 71.

With a RRIF, you can withdraw retirement income and set your own payment frequency and amount, provided you withdraw the minimum required under tax legislation.

The minimum RRIF withdrawal is based on your age or the age of your spouse and a percentage of the RRIF value. Learn more about the required minimum payment as a percentage of the RRIF value (PDF, 90 KB).

Amounts withdrawn from a RRIF are added to your taxable income and withdrawals above the minimum are subject to a withholding tax.

The money in an RRIF can be converted into a number of different savings and investment products without restriction.

Desjardins offers a range of options to meet your RRIF portfolio diversification needs, whatever your investor profile may be.

  • 1- to 5-year certificate of deposit.
  • Guaranteed return for the duration of the term.
  • Choose between minimum, regular or indexed payments, which you are free to change at any time.
  • Lump-sum withdrawals can be made at any time.
  • You can have more than one Desjardins Personalized Annuity RRIF to diversify your investments.

Conventional RRIF

  • A combination of regular savings and term savings.
  • Regular annuity payments are made from the regular savings account portion. Term deposits are transferred annually to your savings account to provide the funds required for regular payments and withdrawals.
  • Regular savings interest rate fluctuates with market rates.
  • Term savings (1- to 10-year terms) provides higher, guaranteed rate until maturity.
  • Return is linked to the growth of one or several indices.
  • Capital 100% guaranteed.
  • Higher return potential.
  • Retirement income option available for regular and stable income.
  • No administration fees.
  • Access to all financial markets.
  • High return potential.
  • Diversification by asset class.

Guaranteed investment funds RRIF (Helios2 Contract)1

  • A choice of 33 funds, including 6 portfolios with turnkey solutions adapted to your needs.
  • A choice of 2 different guarantees (Guarantee 75/75 or Guarantee 75/100 i) that protect your capital from market downturns and readjust its value to reflect upturns.
  • The flexibility of adding the Guaranteed Lifetime Withdrawal Benefit (GLWB) at any time to ensure guaranteed and predictable retirement income, regardless of market fluctuations.

Self-directed RRIF

  • Allows you to build a customized portfolio.
  • Wide choice of investment options, including stocks, trust units, strip coupons and investment funds.
  • Administered by Desjardins Securities, member of the Canadian Investor Protection Fund (CIPF).

RRIF - Annuity combination

An attractive option for some people.

  • The RRIF portion ensures investment income flexibility.
  • The annuity portion ensures retirement income stability.

Before investing, determine your financial objectives, expected returns, the investment maturity date and when you'll need the funds, as well as your level of tolerance to risk and market fluctuations.

1. The Helios2 Contract is offered by a financial security advisor from Desjardins Financial Security (DFS) and will not appear on your integrated caisse statement. Guaranteed Investment Funds are managed by Desjardins Financial Security Life Assurance Company.

Spread our your RRIF income over a longer period:

If you’re older than your spouse and want to lower your RRIF income, you can base the minimum withdrawals on your spouse’s age when you set up the RRIF.

Too much retirement income:

If you don’t need all of your retirement income, you can invest some of it in a TFSA.

If you have grandchildren, you can help them pay for school by contributing to their RESP.

Unused RRSP contribution room:

You have until December 31 of the year you turn 71 to contribute to your RRSP and get a tax deduction.

You are over 71:

If you’re over 71 and your spouse is 71 or under, you can make spousal contributions to their RRSP to get a tax break.