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.
This document has been updated on August 31st, 2018 and reflects the state of the Law, including draft amendments, at that date.