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
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.
Apply now
.jpg)
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.
Start saving smarter with these options
Mutual Funds
Invest collectively in securities, and benefit from the income they generate.
Responsible Investing Portfolio
Invest in companies with a proven, positive environmental record.
Saving & retirement tips
Start saving smarter with these options
From school to retirement and all the life steps in between, here are some tips and tricks to get you started on your saving and investing strategy.
Saving & investing
First Timer’s Guide to Saving & Investing
With saving, you’ve got to start somewhere–and every penny counts. Untangle all the acronyms and find the perfect plan to help you reach your goals.
Retirement
First Timer’s Guide to Retirement
There’s no better time to start saving than now. You work hard and deserve to enjoy retirement comfortably. Find out how to make it happen.
Financial
How to build a financial plan
Building a roadmap to meet your financial goals? This article breaks it down. When you're ready, you can connect with our financial experts and start.
