Registered Retirement Income Fund (RRIF)

A RRIF provides you with the flexibility to make withdrawals on a schedule tailored to your unique retirement needs.

This allows you to be strategic with withdrawals based on a range of factors, such as your spouse’s age, planned large withdrawals, and minimizing your taxes.

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

  • Grow your savings tax-deferred

    Your RRIF can continue to grow tax-deferred, similar to an RRSP.

  • Personalized to your needs

    RRIF’s can allow for flexibility and customization, helping ensure your retirement can be a comfortable one.

  • Simplicity and flexibility

    When you convert your RRSP to a RRIF, you can base the annual payments on your spouse's age which could reduce the annual withdrawal amounts.

  • Comfort and Convenience

    We can help you consolidate all your RRSPs into one RRIF.

Plans that can fit your goals

TD offers several RRIF options designed to meet your needs. Find the account that’s right for you.

We can help you plan for the future

  • Personalized investment advice

    We help you understand your options while working with your investment goals.

  • The right options

    No matter what type of investor you may be, we’re ready with options to help you succeed.

  • Convenience

    The advice you want. Call us Monday to Friday from 8 am – 8 pm EST to speak to an investment specialist in English, French, Mandarin or Cantonese.

Retirement Savings Calculator

Use our helpful Retirement Savings Calculator to find out how much you will need to save to meet your retirement goals and whether you are on track.

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