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.
Choose your RRIF payment frequency–monthly, quarterly, semi-annually or annually.
Enjoy flexible withdrawal amounts, plus two additional lump sum withdrawals per year, at no fee.
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.
Open an account online or try out our actual investing site — not a demo — with a practice account.