Registered Retirement Income Fund (RRIF)

Here's what a properly planned RRIF can help you do:

• Receive a monthly income as you start to draw from your RRIF.
• Determine a schedule that meets your needs for an adequate income over the long-term.
• Earn interest from investments held in your RRIF.
• If you wish, have additional control through a self-directed RRIF that can include a wide variety of investments.

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Open up a locked-in plan with a LIF

A Life Income Fund (LIF) is used to transfer your funds from your individual RRSPs. LIFs are used to transfer from a Locked-in Registered Savings Plan (LRSP), Locked-In Retirement Account (LIRA), and locked-in group RRSPs or other employer-sponsored pension assets. (There is also a Locked-In Retirement Income Fund or LRIF, in addition to LIFs, but these aren’t available in British Columbia.)

Get expert advice

Converting your savings to income is a critical step to ensuring you have adequate retirement funds. Working out what you need when you need it, how to minimize taxes, and implications for your estate plan can be complex. Your financial advisor will be an important ally during these planning years. 

RRIF Payment Calculator

Calculate your RRIF payment, schedule, and value at the end.