registered retirement income fund

Registered Retirement Income Fund

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.

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