Home Retirement Glossary Registered Retirement Income Fund (RRIF)



Registered Retirement Income Fund (RRIF)

To fund retirement, RRSP holders in Canada often roll over their RRSP into a Registered Retirement Income Fund (RRIF). Similar to an RRSP, a RRIF is tax-sheltered. Instead of making contributions — as one does with an RRSP — an individual is required to make a minimum annual withdrawal from a RRIF. The amount of the minimum withdrawal is based on age and is part of taxable income for the year the withdrawal takes place.



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