
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.
Insurable non-registered deposits are covered up to $250,000 through the Financial Services Regulatory Authority of Ontario, and insurable deposits in registered accounts have unlimited deposit coverage. Click here to learn more about deposit insurance.