RRIF

A Registered Retirement Income Fund (RRIF) acts as an extension of an RRSP (Registered Retirement Savings Plan). It allows you to advantageously utilize the amounts you accumulated throughout your working life – you’ll make withdrawals as needed and continue to accumulate tax-sheltered income.

Individuals who should consider RRIFs are those who wish or need to use their RRSPs as a source of income, as well as persons who want to retain a certain amount of autonomy in the management of their investments.