Investment Options
Registered Retirement Income Fund (RRIF)
Easily Manage Your Savings
into Your Retirement Years
A RRIF is basically a continuation of your RRSP beyond the age of 71, with the exception that you must begin to receive taxable income. In the year you turn 71 our RRIF specialist will call you to discuss your RRSP options.
You may choose any payment amount you wish, as long as it satisfies the mandatory minimum amount. The benefit of a RRIF (unlike an annuity) is that they are extremely flexible and remain under your control. Payments can be made monthly, quarterly, semi-annually or annually.
Your RRIF can be invested for terms of one, two, three, four, or five years with the interest compounded annually.
| 1 year |
1.25% |
| 18 months | 1.45% |
| 2 years | 1.50% |
| 3 years | 2.00% |
| 4 years | 2.10% |
| 5 years | 2.35% |
* Minimum investment $1,000. Interest paid annually and at maturity (compounded or paid out to account). For monthly interest deduct 0.125 from annual interest rate (minimum $10,000). Quarter Century Members add .25% to posted rate.
Contact a Specialist
416.864.2461 or 1.888.560.2218
