Skip to main content

“I'm Ready to Enjoy My Retirement”

You’ve spent years planning your retirement, and now you’re ready to live it! A Registered Retirement Income Fund (RRIF) is a popular option for providing retirement income, as your investments can continue to grow on a tax-deferred basis until you withdraw them.

Benefits of Opening a RRIF With Us

  • Access one of the largest inventories of fixed income investments in Canada.

Flexible Payment Frequency

Choose your RRIF payment frequency–monthly, quarterly, semi-annually or annually.

Flexible Withdrawal Amounts

Enjoy flexible withdrawal amounts, plus two additional lump sum withdrawals per year, at no fee.

Save on Fees

Enjoy no maintenance fee when you hold combined assets of $15,000 or more across all of your RBC Direct Investing accounts. This is just one of many ways to get the fee waived.1

Converting your pension plan to an income fund

  • Life Income Fund (LIF)
  • Restricted Life Income Fund (RLIF)
  • Locked-in Retirement Income Fund (LRIF)
  • Prescribed RRIF (PRIF)

Do I Have to Make Minimum RRIF Withdrawals?

Even if you do not need the money, the federal government requires that you make minimum withdrawals from your RRIF each year, which are taxable as income when you receive them. If you withdraw more than the minimum amount you’ll have to pay withholding tax. Talk to your tax advisor about what’s best for you.

“I want to see what other retirees are doing.”

Your investment strategy tends to change once you retire. Connect with other retired investors to see how they approach investing.

The Community

“I want to maximize my retirement income.”

You can choose to automatically reinvest the dividends2 you earn by having RBC Direct Investing purchase shares3 on your behalf. No fees or commissions apply.

Dividend Reinvestment Plan

I’m Ready to Get Started With RBC Direct Investing

Open an account online or try out our actual investing site — not a demo — with a practice account.