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Discover the benefits

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Understand the difference

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Know your options

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What to expect

How you'll benefit

A Registered Retirement Income Fund (RRIF) is a flexible income-producing investment that tax shelters your savings while allowing you to withdraw retirement income.

Features and benefits of an RRIF:

  • Flexibility in how much income you draw while minimizing the income tax you will pay

  • No withdrawl maximum

  • Grow your investments tax-free

Note: money withdrawn counts as income, meaning you'll have to pay income taxes on it.

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Understand RRIFs

The difference between RRSPs and RRIFs

RRSPs and RRIFs both allow for tax-deferred growth and interest growth, meaning your balance grows until it's withdrawn.

The primary difference between the two plans is that RRSPs is a tax-free savings plan used to invest for your retirement while RRIFs are tax-sheltered (you only pay taxes on what you withdraw) that allows you to take out income in retirement.

One is a savings plan (Registered Retirement Savings Plan), the other is an income fund (Registered Retirement Income Fund).

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 Decision making

Investment Options

Think of an RRIF as a basket of investments. You can invest in your RRIF with:

  • term deposits (e.g. GICs)

  • equity (e.g. mutual funds)

  • fixed income (e.g. stocks and bonds)

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Tools & Resources

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RRIF Calculator


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The Registered Retirement Savings Plan (RRSP) helps you save money for your retirement.


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