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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.


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.


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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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