Registered Retirement Income Fund

A Registered Retirement Income Fund (RRIF) is a plan where you receive regular payments during retirement so that you have a steady stream of income.

A RRIF is established from the transfer of funds from an RRSP or another RRIF.

At the age of 71, all RRSPs must be transferred into an RRIF, Annuity, or Life Income Fund. As a member of the credit union, we can easily roll your RRSPs into a RRIF and establish a payment plan that works for you!

RRSP, RRIF, TFSA, and GIC Long Term Deposits

Interest can be paid annually or compounded and paid at maturity. 

Term
$500
$10,000
$25,000
$50,000
$100,000
1 year
3.90%
4.00%
4.10%
4.15%
4.25%
2 year
4.05%
4.15%
4.25%
4.30%
4.40%
3 year
4.15%
4.25%
4.35%
4.40%
4.50%
4 year
4.40%
4.50%
4.60%
4.65%
4.75%
5 year
4.50%
4.70%
4.80%
4.85%
4.95%

Variable Rate RRSP / RRIF Deposits

Factor
Rate

Interest is paid semi-annually: June and December

0.25%

For more detailed information on RRIFs please refer to the Canada Revenue Agency website.