Registered Retirement Income Fund (RRIF)

Convert the capital accumulated in your RRSP into retirement income.

Is this savings fund for you?

  • You have accumulated capital in an RRSP.
  • You are 71 years of age or younger and want to convert this capital into retirement income.
  • You are looking for diversified investment options that match your investor profile.
Outlines

Main feature : Tax-sheltered investment income

Total or partial withdrawal: Lump sum withdrawals possible; minimum annual withdrawal set by law

Conversion: You may convert all or a portion of your RRIF into an annuity at any time

Indexing option: Allows the amount of income to be adjusted annually

Deadline: No later than December 31 of the year you turn 71

Features

RRIF investment options

The money in an RRIF can be converted into a number of different savings and investment products without restriction.

Your Caisse populaire offers a range of options to meet your RRIF portfolio diversification needs, whatever your investor profile may be.

Personalized Annuity RRIF
  • 1- to 5-year certificate of deposit
  • Guaranteed return for the duration of the term
  • Choose between minimum, regular or indexed payments, which you are free to change at any time
  • Lump-sum withdrawals can be made at any time
  • You can have more than one Desjardins Personalized Annuity RRIF to diversify your investments
Conventional RRIF
  • A combination of regular savings and term savings
  • Regular annuity payments are made from the regular savings account portion. Term deposits are transferred annually to your savings account to provide the funds required for regular payments and withdrawals.
  • Regular savings interest rate fluctuates with market rates
  • Term savings (1- to 10-year terms) provides higher, guaranteed rate until maturity
Market-Linked Guaranteed Investments RRIF
  • Return is linked to the growth of one or several indices
  • Capital 100% guaranteed
  • Higher return potential
  • Retirement income option available for regular and stable income
  • No administration fees
Funds RRIF
  • Access to all financial markets
  • High return potential
  • Diversification by asset class
RRIF-Annuity combination An attractive option for some people:

  • The RRIF portion ensures investment income flexibility
  • The annuity portion ensures retirement income stability

Before investing

Determine your financial objectives, expected returns, the investment maturity date and when you’ll need the funds, as well as your level of tolerance to risk and market fluctuations.

Other Features

Retirement income amount and frequency
  • Flexible.
  • Can be changed at any time, provided that the annual minimum withdrawal amount is met
  • Frequency of payments: monthly, quarterly, semi-annually or annually
Other
  • Income can be spread out over a number of years to create a lifetime income
  • Your tax burden can be spread out over several years
  • Income amounts can be adjusted annually by indexing your periodic payments
  • At death, RRIF balance is transferred to surviving spouse or, in certain conditions, your estate
More information

Did you know?

To help you achieve your retirement goals, the Caisse populaire Guaranteed Investment Funds will provide you with a guaranteed and predictable income, regardless of market fluctuations.

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