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Once you’ve retired, convert your RRSP into a RRIF and withdraw throughout retirement while your principal continues to be sheltered from tax. There are many investment options available, such as Term Deposits, variable rate Savings Accounts and Mutual Funds*.

To learn more about RRIFs, check out our FWD Articles

Benefits of RRIFs

Controlled Income

Decide when and how much you withdrawal regularly as long as the minimum amount is paid.

Transfer Beneficiary Tax Free

Upon your death your assets can be transferred to your spouse tax free.

Tax Sheltered

Like an RRSP, your principal is tax sheltered but payments are taxed as you receive them.

*Mutual Funds are offered through Credential Asset Management Inc.