RRIFs

Retirement Income Fund

When you're coming up to age 71, it's time to make your next investment move, because your days of RRSP investment will be over. The good news is your RRSP can be converted to a retirement income option such as a Registered Retirement Income Fund (RRIF), Certain Annuity to Age 90 or Life Annuity.

You can continue to invest your RRIF just like an RRSP, and earn tax-deferred interest on the balance. Based on a minimum requirement, you will choose the amount you want to withdraw each year as taxed income.

Call our Investment Advisors at 416.366.5534 or 1.877.782.7639.


The Deposit Insurance Corporation of Ontario (DICO) provides separate unlimited deposit insurance protection for deposits held in registered savings plans while non-registered deposits (savings accounts, term deposits, GICs ,chequing accounts, certified cheques, money orders, “bank” drafts and funds in transit) in the name of an individual member are covered up to $250,000. Visit the DICO website for full details.
 

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