financial backup for life

RRIFs

A Registered Retirement Income Fund (RRIF) provides an income at retirement. Although you may set up a RRIF at any age, it is mandatory to convert any RRSPs you have into a RRIF at age 71. One of the benefits is that you’re able to minimize taxes by spreading your RRIF income over a number of years. In addition, the money that remains in your RRIF continues to grow tax-sheltered – just as it did in your RRSP.

RRIF Investment Options: We offer access to a range of RRIF investment options to suit your needs and objectives. From Fixed-rate Plans to Step-Up Investments to more than 1,800 mutual funds.

RRIF Calculator

Your don’t have a choice about transferring any RRSP savings into a RIFF. You do have choices on how to make it work.

RRIF RATES

RRIF TERM DEPOSITS
RATES

1 Year – Call for Special Offers

2.75%

18 Months – Call for Special Offers

2.78%

2 Year – Call for Special Offers

2.80%

3 Year – Call for Special Offers

2.85%

4 Year – Call for Special Offers

2.90%

5 Year – Call for Special Offers

3.30%

VARIABLE RRIF (tiered by balance)
RATES

$0 – $5,499

0.50%

$5,500 – $24,999

0.50%

$25,000 +

0.50%