It’s time to write a new chapter in your retirement savings story!
The RRIF is the logical extension of the RRSP and lets you make the most of your retirement savings!
Why choose the RRIF?
The Registered Retirement Income Fund (RRIF) allows you to transfer, tax-free, money from your RRSP to another retirement savings vehicle so you can pay yourself an income.
Start paying yourself a retirement income
While an RRSP allows you to save, a RRIF provides you with an income from the money you’ve accumulated in your RRSP. In other words, a RRIF is a disbursement vehicle.
If you’re almost 71
According to the law, December 31 of the year you turn 71 is the last day you can hold an RRSP. To benefit from the money you've accumulated in this plan over the years, choosing an RRIF is a wise tax decision.
5 RRIF facts
Here’s everything you need to know before converting your RRSP+ to a RRIF.
RRSP to RRIF
An RRIF allows you to transfer money from an RRSP so that you can receive retirement income. You only pay taxes on the amounts you withdraw, while the rest of your savings continue to grow, on a tax-deferred basis.
Various disbursement options
A RRIF lets you determine the frequency of disbursements. Whether it's monthly, quarterly, semi-annualy or just once a year, the choice is yours.
If you’re retired, you can open a RRIF account at any time.
There’s no minimum age for converting a RRSP to an RRIF. The important thing is to act by December 31 of the year of your 71st birthday. However, to convert your RRSP+ to a RRIF, you must be retired or 65 or older.
You can choose your investments based on your needs.
Whether you want to focus on securing your savings or on a good return, a RRIF offers you all the flexibility you need.
Each year, there’s a minimum amount you must withdraw.
This amount is calculated based on your age, or your spouse's age, and the value of the assets held in your RRIF account as of January 1 of the year of withdrawal.
Let us help you with the FlexiFonds RRIF
Staying with the Fonds to enjoy retirement is possible!
Products that reflect your needs
Comprising one of our three mutual funds, the FlexiFonds RRIF allows you to reduce the risk related to your investments through its asset allocation. To help you choose the one that suits you best, an advisor will determine your investor profile with you.
Fully objective advice
Since they work on salary not commission, FlexiFonds advisors have only one goal: helping you turn your plans into reality. If none of the funds meets your needs, one of our advisors will provide you with a better suited option.
Investments that are consistent with our shared values
With 70% of their investments linked to Québec, our new products reflect the Fonds' mission to support our economy. These savings solutions with a high Québec concentration are unique on the market!
Most Frequently Asked Questions
Want more information about the RRIF?
Give us a call, and let's talk about your plan!
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FlexiFonds de solidarité FTQ Inc.
The FlexiFonds are distributed solely in Québec by FlexiFonds de solidarité FTQ Inc. a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. Please consult your advisor and read the prospectus and Fonds overview before making an investment. The Fonds' securities are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer or by the Autorité des marchés financiers. The mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
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