Registered Retirement Income Fund (RRIF)
Enjoy a flexible income during retirement. Open a RRIF today.
When you retire, funds from your Registered Retirement Savings Plan (RRSP) can be transferred to a RRIF. Think of it as a registered account that’s an extension of your RRSP. But instead of making contributions, you’re taking money out while continuing to manage your portfolio.
Benefits of a RRIF
Tax-sheltered growth
Your earnings in your RRIF are tax-sheltered until you withdraw them, helping you stretch out your retirement savings even further.
Customizable income
You can decide how much to take out as long as you withdraw the minimum amount each year.
Transferrable assets
When you pass away, money in your RRIF can be transferred to a beneficiary’s RRIF.
You can transfer your RRSP savings to a RRIF at any time, but no later than December 31 of the year you turn 71.
You’ll need different RRIF accounts to invest your savings in different ways. For example, segregated fund and mutual fund investments cannot be combined into the same RRIF account. The types of products you choose depend on your risk tolerance and goals.
Explore our investment products
Mutual funds
A straightforward way to invest in professionally managed funds that provide diversification and growth potential.
Segregated funds
Your money is invested across professionally managed investments while a portion of your principal is kept safe.
Minimum withdrawal rates
Beginning the year after you set up your RRIF, you’re required to withdraw a minimum amount from your account annually. If your spouse or common-law partner is younger, you have the option of using their age to calculate your minimum RRIF withdrawal amount. All withdrawals from a RRIF are taxable income.
| Age | Minimum withdrawal rate | Age | Minimum withdrawal rate |
|---|---|---|---|
| 65 | 4.00% | 81 | 7.08% |
| 66 | 4.17% | 82 | 7.38% |
| 67 | 4.35% | 83 | 7.71% |
| 68 | 4.55% | 84 | 8.08% |
| 69 | 4.76% | 85 | 8.51% |
| 70 | 5.00% | 86 | 8.99% |
| 71 | 5.28% | 87 | 9.55% |
| 72 | 5.40% | 88 | 10.21% |
| 73 | 5.53% | 89 | 10.99% |
| 74 | 5.67% | 90 | 11.92% |
| 75 | 5.82% | 91 | 13.06% |
| 76 | 5.98% | 92 | 14.49% |
| 77 | 6.17% | 93 | 16.34% |
| 78 | 6.36% | 94 | 18.79% |
| 79 | 6.58% | 95+ | 20.00% |
| 80 | 6.82% |
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Not all products are available in all provinces.
In the province of Quebec, the authorized representatives are Financial Security Advisors who have been duly certified by the Autorité des marchés financiers.
Mutual funds are offered through Co-operators Financial Investment Services Inc. to Canadian residents except those in Quebec and the territories. Segregated funds and annuities are underwritten and administered by Co-operators Life Insurance Company.
Co-operators Life Insurance Company and Co-operators Financial Investment Services Inc. are committed to protecting the privacy, confidentiality, accuracy and security of the personal information that we collect, use, retain and disclose in the course of conducting our business. Please visit our privacy policy for more information.
Co-operators® is a registered trademark of The Co-operators Group Limited.