How can I withdraw funds from my RRIF?

The withdrawal terms for your RRIF were set when your account was opened. To make a one time withdrawal or change your withdrawal terms, please contact us.

There are no withdrawal conditions for FlexiFonds products.

Please note that processing time of withdrawal requests is at least three business days, depending on the financial institution where the funds will be deposited.

What are the rules governing withdrawals from a RRIF?

You must start to withdraw money from your RRIF no later than December 31 of the year following its opening.

Each year, the federal government determines the minimum amount that you must withdraw from your RRIF. Some factors can impact this amount, such as the total value of your savings, your age or your spouse's age. Amounts withdrawn are taxable, but the savings that remain in your RRIF continue to benefit from a tax deferral, as is the case with an RRSP.

You can estimate your withdrawal amounts using our RRIF withdrawals calculator.

To determine the best strategy to adopt, mutual fund advisors are there to guide you, step by step, toward a solution that is tailored to your needs.

How to avoid paying too much tax?

Wait until your income decreases for a full tax year before cashing in a large amount of money. Your savings will therefore grow for a longer period on a tax-deferred basis.

Get more tips

Give us a call, and let's talk about your plan!

1-833-383-2121
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Information
All the information and data provided on this website are for information purposes only; they are not intended to provide advice or recommendations of a financial, legal, accounting or tax nature with respect to investments. Although they are deemed reliable, no representation or warranty, express or implied, is made as to the accuracy, quality or completeness of this information and data. The opinions expressed should not be construed as a solicitation or offer to purchase or sell the units referred to herein and should not be viewed as a recommendation. We suggest you consult your advisor.

FlexiFonds de solidarité FTQ Inc.
The units of the FlexiFonds funds are distributed solely in Québec by FlexiFonds de solidarité FTQ inc., a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. FlexiFonds de solidarité FTQ inc. does not distribute the units of any other mutual funds. Management fees and other expenses may be associated with mutual fund investments. Please consult your advisor and read the prospectus and the fund facts documents before making an investment. The units of the FlexiFonds funds are not covered by the Canada Deposit Insurance Corporation nor any other government deposit insurer. The FlexiFonds funds are not guaranteed, their values change frequently, and past performance may not be repeated.

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