Registered Retirement Income Fund (RRIF)
Your RRIF account allows your transferred RRSP investments to continue growing tax-deferred once you retire. However, no additional contributions can be made to this account. You can also choose to retire early. And, convert your RRSP into an RRIF anytime on or before the end of the required year you turn 71-years-old.

When you withdraw funds to pay for your retirement lifestyle, the money is subject to income tax. But generally, you have less income during this time, so you pay less tax on the money you take out.

A minimum amount must be withdrawn from the account every year. But, this amount is not subject to withholding tax and you may be eligible for a $2,000 tax credit.

The amount of money you can take out of your RRIF depends on your age and the value of your account on January 1 each year. You can choose to withdraw more than the minimum amount. However, you may also have to pay withholding tax on this supplemental amount.

	Investment Tax-free Savings Account Registered Retirement Savings Plan Registered Educations Savings Plan

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