How does an RRIF work (Registered Retirement Income Fund)?

RRIFs are created when the capital accrued in an RRSP is converted into retirement income.

An RRSP must be converted into an RRIF (or LIF) in the year that its owner turns 71, otherwise the RRSP will be wound up and be taxable at its full value in that year.

Investments can grow tax-free until withdrawal. The amounts you take out of the fund will be added to your annual income.

A minimum amount that varies with age must be withdrawn from an RRIF each year (see the Minimum withdrawal table).

There is no cap to the amount you can withdraw. You can also decide the payment frequency that suits you best.

Age at the beginning of the year	Minimum factors
71
71	5.28%
72
72	5.40%
73
73	5.53%
74
74	5.67%
75
75	5.82%
76
76	5.98%
77
77	6.17%
78
78	6.36%
79
79	6.58%
80
80	6.82%
81
81	7.08%
82
82	7.38%
83
83	7.71%
84
84	8.08%
85
85	8.51%
86
86	8.99%
87
87	9.55%
88
88	10.21%
89
89	10.99%
90
90	11.92%
91
91	13.06%
92
92	14.4 %
93
93	16.34%
94
94	18.79%
95 and more
95 and more	20.00%

FÉRIQUE Investment Services

Need advice on your investments?

To invest in a Fund or find out if it is suitable for your investor profile, contact FÉRIQUE Investment Services, the principal distributor of the FÉRIQUE Funds.

Book a meeting Our team

FÉRIQUE Funds and Portfolios provide you with a range of investment opportunities to help you reach your goals and complete your projects. You will find products suited for every investor profile.