RRIFs

Registered Retirement Income Fund

The RRIF is a registered government plan and can be described as a continuation of your RRSP.  It will provide a consistent, reliable source of income from your many years of saving and investing and will have the same tax sheltering of growth with one key difference.  Instead of making tax deductible contributions, you have to a take out a minimum taxable amount each year, based on your age.  An RRSP has to be converted to a RRIF not later than December 31 of the year in which you turn 71. 

RRIF: Variable
The Variable RRIF is a cashable tax sheltered investment with a competitive variable interest rate. This investment will generate retirement income, while sheltering your interest earnings.  You have the flexibility to move the funds at any time. More 

RRIF: Term Deposit (1 – 60 month)
The Term Deposit RRIF is a tax-sheltered, non-redeemable investment with a competitive interest rate for a fixed period. The rate is locked-in so you know what your growth will be.  More

RRIF: CU Bonus Builder®
The Bonus Builder RRIF is a tax sheltered 5 year non-redeemable RRIF with an escalating interest rate that is available from January 15 until March 1 of each year.  The escalating interest rate allows you to take advantage of increased rates and because the funds are locked-in, you know what your growth will be. More  

 

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