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No work, all pay

Congrats, you retired! Take advantage of years of hard work and saving when you convert your RRSP to a Registered Retirement Income Fund (RRIF).

Key benefits:

  • Control the amount of income you receive
  • Make withdrawals with no annual limit
  • Feel secure with guaranteed principal and interest
  • Choose from a variety of investment options
  • Transfer your balance to a spouse
  • Convert RRSPs to a RRIF as early as age 55

Key features:

  • Enjoy variable or fixed rate plans
  • Choose fixed terms from 1 to 5 years
  • Flexible income payment schedules
  • Funds are taxable the year you withdraw them
  • Minimum withdrawals required
  • RRSPs automatically convert to a RRIF the end of the year you turn 71
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Special deposit rate

5.0% 1 year, commitment-free investment*

The journey is worth the reward! Take your savings and investments to new heights and get the most out of your hard earned cash. Take advantage of this special rate today and start building your financial future.

RRSP | TFSA | RRIF | Term Deposits

*For a limited time on new funds only. Other terms and conditions apply.

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Retirement income

Know your retirement income options

Live well and enjoy retirement while managing your income wisely. Make the most of your savings by choosing the best retirement income option for you.

  • Understand all your options
  • Get expert advice on RRIFs
  • Make informed decisions about your retirement

Take a look at some numbers

Use this calculator to estimate your withdrawal and payment numbers based on your lifestyle and how long you’ve invested.

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

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