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All trading basics

Registered Retirement Income Funds (RRIFs)

A RRIF is a tax shelter that looks like an RRSP with one important exception: instead of contributing to your plan each year you withdraw a retirement income. According to tax laws, you must convert your RRSP to a RRIF by December 31 of the year in which you reach age 71, and withdraw each year thereafter, a minimum amount required by law.

Desjardins Online Brokerage calculates this amount for you based on current tax rules.

Main Features

  • You can transfer investments held in your RRSP to your RRIF (stocks, mutual funds, fixed income securities);
  • Capital gains and investment income accumulate tax-free;
  • Periodic payments can be automatically transferred to your account at the financial institution of your choice;
  • You can leave the balance of your RRIF to your heirs.