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How RRIFs work
- A RRIF is a tax-advantaged savings vehicle in which you may hold eligible investment products.
- You withdraw from your RRIF to support your retirement.
- You can manage your RRIF in the same way you managed your RRSP, while paying yourself to support your retirement.
- Investments within a RRSP can grow on a tax-deferred basis.
- RRSPs must be converted to a form of retirement income by December 31 of the year you turn 71.
- If you have a Locked-In Retirement Account (LIRA), Locked-In RRSP (LRRSP ) or Restricted Locked-in Savings Plan (RLSP), you may be able to convert to one of the following plans: Life Income Fund (LIF), Locked-In Retirement Income Fund (LRIF), Prescribed Retirement Income Fund (PRIF), or Restricted Life Income Fund (RLIF).
Learn about the RRIF Minimum Payment Schedule.
Benefits of RRIFs
Plans that can fit your goals
TD offers several RRIF options designed to meet your needs. Find the account that’s right for you.
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