Registered retirement income fund (RIF)


If your RRSP is reaching maturity, but you do not want to stop growing your portfolio, use a RIF to convert your RRSP. It allows you to trade, build your portfolio, and set up payments on a schedule that works for you. There is a minimum annual withdrawal, as defined by the government, but you will only pay tax on what you take out every year, rather than on the total value of the account.

How does a RIF work for me?

When you retire, your money doesn’t have to stop working too. You can keep trading, withdraw money as needed, and only pay tax on what you withdraw each year.

What can I trade in my RIF?

Like many other registered accounts, a RIF can contain stocks, options, ETFs, mutual funds, bonds, exempt market products, and physical gold.

Can I keep contributing money to my RIF?

You cannot continue to contribute cash to your RIF, but your investments can continue to work.