Financial Literacy
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There's more to a credit union than just banking.
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Registered Retirement Income Fund (RRIF)
Maximize your retirement income
Registered Retirement Income Funds (RRIFs) are the most popular form of self-directed retirement income.
A RRIF is basically the reverse of your RRSP. Instead of putting money into a savings plan, you withdraw it as an income source at regular intervals throughout the year. Plan holders are required to take a minimum level of taxable payments from their RRIF on an annual basis. At age 71, all RRSP investments must be converted to either a RRIF or an annuity.
Discover the retirement income options available to you.
BENEFITS
CALCULATOR
Why choose a RRIF?
Defer taxes and maximize your investment potential
Your investment continues to grow tax-sheltered while in a RRIF account.
You have choices
You choose the payment schedule and withdrawal amount (as long as the required minimum is taken out).
Avoid estate tax
If you pass away, your RRIF can be transferred tax-free to your spouse.
Let's discuss your options
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Financial Planning
Let our investment advisors guide you on the right path to your financial success.
Estate Planning
Be prepared. Talk to a professional to create an estate plan.
TFSAs
Grow your savings tax-free with a Tax-Free Savings Account.
Mutual funds are offered through Credential Asset Management Inc. Mutual funds and other securities are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc.
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