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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
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.
TD Canada Trust Flexi-RIF
- Access to a variety of GICs with different terms and features
- GICs fully protect your principal
- Earn a guaranteed rate of interest on GICs
Great for: Investors who don't want to risk their principal.
TD Mutual Funds Retirement Income Options
- Gives you access to certain mutual funds offered through TD Investment Services Inc.
- Benefit from professionally managed mutual fund investments
Great for: Investors comfortable with some risk.
RIF at TD Direct Investing
- Self-directed accounts
- Power to select your investments and take advantage of market opportunities in Canada and the US.
- Flexibility to hold a range of investment products in one account
Great for: Investors looking to manage their investment strategy and portfolio.
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.