Section 8 – Retirement Assistance Programs

Registered Retirement Income Fund

The rules governing RRIFs are similar to those of RRSPs, in particular with respect to advantages and eligible and prohibited investments. Revenue accumulates tax-free and withdrawals are fully taxable. The RRIF annuitant must, each year, withdraw a minimum amount determined according to prescribed rates which vary based on the age of the annuitant or his/her spouse.

Request that the minimum amount be determined based on the age of your spouse, if he/she is younger.

News and Insights on Tax