registered retirement income fund

Share This Post

After decades of growing your retirement savings in your Registered Retirement Savings Plan (RRSP), the government requires you to transfer the full value of your RRSP to a Registered Retirement Income Fund (RRIF) by the end of the year in which you turn 71. ​

Although a RRIF has a minimum annual withdrawal requirement, which is taxable as income, the money you leave inside the plan will continue to be invested and grow tax-free. An advisor can help you plan the amount and timing of withdrawals to minimize your tax bill and maximize your investment returns.

Subscribe To Our Newsletter

More To Explore

Newsletters

Newsletter Q4 2023

Download the PDF ADVISOR COMMENTS: Subject: Navigating the Road Ahead: A Year-End Reflection Dear Clients and Partners, As the year draws to a close, we

Newsletters

Newsletter Q2 2023

Download the PDF Advisor Commentary​ 4 Visuals to Remember on Your Investing Journey In a world of ever-changing markets and economic uncertainties, to effectively navigate

Perfect Timing family wealth logo

Perfect Timing Financial Corporation

 © 2023. All rights reserved | Privacy | Disclaimer

Mutual Funds Offered Through

 Investia Financial Services Inc.

The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered. Privacy Policy.

Perfect Timing family wealth logo
Don’t have an account? Create Account