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Registered Retirement Income Fund (RRIF)

Just because you stop working, doesn't mean your money should

A Registered Retirement Income Fund (RRIF) helps you manage your money after retirement. It lets you make withdrawals anytime, while the rest of your balance remains tax-sheltered and continues to grow.

How it works:

  • Consolidate your RRSP accounts when you’re ready to start using your money and convert to a RRIF.
  • Open your RRIF account anytime before the end of the year you turn 71.
  • Make your first withdrawal by December 31st of the year you turn 72.
  • Withdraw as much as you need from your RRIF annually (there’s a yearly minimum that must be taken).
  • Our ACU Advisors can help guide you through this process and provide advice on how much you may need to withdraw to supplement your other sources of retirement income.

Choose from a variety of investment options including savings accounts, guaranteed investment certificates (GICs), mutual funds* or other securities such as stocks*, bonds* and ETFs*.

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Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc. Unless otherwise stated, mutual funds, other securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.
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