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Retirement Income Fund (RIF)


A RRIF or Registered Retirement Income Fund is an account designed to let the money in your RRSP grow tax free after the age of 71. The account also lets you spread out any tax you would pay on RRSP withdrawals.


You cannot make any contributions to your RRIF after the initial roll over of your RRSP, it is simply meant to take care of the money you already have. However, you will have annual minimum withdrawal, based on your age. You can, of course, take more than the minimum out if you want, but you must withdraw the minimum.


This account can be used with certain term deposits, mutual funds or other investment vehicles to get you a maximum return.


Variable RRIF

  • Interest calculated daily and paid semi-annually on June 30 and December 31
  • Interest rate determined by market


Fixed Rate RRIF

  • 1 - 5 year terms which automatically renew at current rates
  • $500.00 minimum investment required
  • Interest calculated daily and compounded annually
  • Interest rate determined by market


RRIF Maximizer

  • Fixed 3 or 5 year terms
  • Minimum $1,000 investment
  • Escalating rate of return each year that results in the effective annual yield if funds remain on deposit until maturity
  • Redeemable or transferrable on the anniversary date, with no interest penalty
  • Interest is paid annually.




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RIF Non-Redeemable

1 Year


2 Year


3 Year


4 Year


5 Year


The Legal Stuff:

*Rates effective as of 7 November 2017. Terms and conditions apply. All principal and interest is 100% guaranteed by the Credit Union Deposit Guarantee Corporation, excluding common shares, investment shares, and mutual funds. All rates and products are subject to change without notice.


Online brokerage services are offered through Qtrade Investor, a division of Credential Qtrade Securities Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments and the use of an asset allocation service. Please read the prospectus of the mutual funds in which investment may be made under the asset allocation service before investing. Unless otherwise stated, mutual funds and other securities are not insured nor guaranteed, their values change frequently and past performance may not be repeated.  


The advice on our website is prepared without knowing your personal objectives, financial situation or needs. Before you act on this or any advice, please consider if it's right for you, and reach out to our teams to help determine if the product is appropriate for you.  Legal Terms of Use apply.