Registered plans – RRIFs and LIFs

Continue to grow your savings while you draw retirement income

• Choose from a wide range of flexible investment options
• Make regular or one-off withdrawals

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Tax-sheltered retirement income

Registered retirement income fund (RRIF)

A RRIF is used to convert the savings in your registered retirement savings plan (RRSP) into retirement income.

There is a minimum annual withdrawal amount, but no maximum.

Life income fund (LIF)

A LIF is used to convert the savings in your locked-in retirement account (LIRA) into retirement income.

There are minimum and maximum annual withdrawal amounts. Because the product is designed to provide you with income for the rest of your life, your savings remain locked in.

Do you have questions about registered savings plans? Contact your advisor today to get the expertise and guidance you need!

Learn more

• Is it worth your while to put all your investments in one place? Take the test! External link. Opens in a new window.
• Registered retirement income fund (RRIF) - Convert your RRSP into retirement income
• Life income fund (LIF) - Make your Locked-in Retirement Account dollars last longer
• Draw up your retirement budget (PDF, 289 KB) Opens in a new window.

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