RRIF with FlexiFonds products

Keep your savings local.

OPEN A RRIF

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Save up to $200 on FlexiFonds transfer fees[1]

Transfer your RRSP, TFSA, RRIF or LIRA from another financial institution to a FlexiFonds product to take advantage of this promotion.[1] We'll even take care of the paperwork for you!

See the promotion

Why invest in a Registered Retirement Income Fund (RRIF)?

The RRIF lets you transfer the funds in your RRSP or spousal RRSP tax-free so that you can access your retirement income.

A savings vehicle you can use to:

Make the most of your retirement savings with a RRIF

The logical next step after the RRSP, the RRIF lets you take full advantage of your retirement savings.



Start accessing your retirement income

The RRSP is designed for savings, but the RRIF lets you access retirement income from the money you have saved in your RRSP or spousal RRSP. In other words, the RRIF is a disbursement vehicle.

If you're almost 71 years old

The legal deadline for holding an RRSP or spousal RRSP is December 31 of the year you turn 71. From a fiscal perspective, the RRIF is a wise choice if you want to enjoy the money you've saved over the years, since it allows you to withdraw your money over time.

Your RRIF: 4 decisions to make

When converting your RRSP to a RRIF, you'll be asked to choose among a variety of withdrawal options.

1 Withdrawal amounts

You must withdraw a minimum percentage of the total value of your savings each year, based on your age. It ranges from 5.28% (age 71) to 18.79% (age 94). As of your 95th birthday, you must withdraw 20%. That being said, you can always withdraw more than the minimum amount to finance a passion project, for instance.

2 Your spouse's age

Since the mandatory minimum withdrawal amount is based on age, you can request that the calculation be based on the age of the younger spouse (if you're married or in a civil union or common-law relationship). However, you should keep in mind that this decision can't be changed later.

3 Tax deductions

You can choose to pay tax on each withdrawal, or pay taxes once a year when you file your tax return. If you withdraw more than the minimum amount, a withholding tax rate of 20% to 30% will apply.

4 Withdrawal frequency

You have two options for withdrawing your money: annually or monthly (i.e., 12 withdrawals over the course of a year).

RRIF calculator: How much to withdraw each year?

Use our tool to better plan your retirement income.

Estimate my RRIF withdrawals Use our tool to better plan your retirement income

How to open a RRIF with FlexiFonds products

From your RRSP+ account

If you are a Fonds saver and your shares are eligible for redemption.

Transfer to FlexiFonds

From another financial institution

If you already have a RRIF at another financial institution and wish to transfer it to FlexiFonds.

Open a RRIF

FlexiFonds mutual fund advisors are here to help

FlexiFonds mutual fund advisors are just a phone call away. They're ready to answer your questions and can help you find the best solution to meet your needs. They can also help you determine your investor profile and guide you through the decisions you'll need to make when opening your RRIF.

Offering service you can trust, FlexiFonds mutual fund advisors put their expertise and skill at your disposal, with zero pressure and zero commissions. Their only goal is to help your dreams become reality by offering you sound, objective advice.

Call us at 1-833-383-2121

Get to know our advisorsGet to know our advisors

70% of FlexiFonds mutual fund assets are related to the local economy

Investing with FlexiFonds products is a great way to keep your savings local.

Flexible products to help you make the most of your retirement

Comprising one of our three mutual funds, the RIFF with FlexiFonds products allows you to reduce the risk related to your investments through its asset allocation. It's a great way to enjoy some retirement income while your savings continue to grow.

FlexiFonds Conservative

You prioritize income stability over long-term appreciation of your savings?

Discover Conservative Fund

FlexiFonds Balanced

Looking for balance between income and savings growth?

Discover Balanced Fund

FlexiFonds Growth

Looking for long-term savings growth and, to a lesser extent, income?

Discover Growth Fund

Most frequently asked questions

FlexiFonds
Can I transfer my savings to FlexiFonds from another financial institution?
Yes. You can transfer a TFSA, an RRSP or a RIFF to a FlexiFonds product by phone or directly online.
More Details : Can I transfer my savings to FlexiFonds from another financial institution?
FlexiFonds
What are the withdrawal rules for units registered in the RRIF with FlexiFonds products?
There are no withdrawal conditions for FlexiFonds products. However, you must start to withdraw money from your RRIF the year after you opened it.
More Details : What are the withdrawal rules for units registered in the RRIF with FlexiFonds products?
RRIF
When should I send a request to open a RRIF account?
Generally, there is no minimum age requirement to open an RRIF account. However, it is beneficial to open such an account when your income and income taxes payable have decreased.
More Details : When should I send a request to open a RRIF account?
RRIF
I'm almost 71. What should I do with my RRSP?
Since the year you turn 71 is the legal deadline for holding an RRSP, you have decisions to make. We want to be there for you during this new chapter in your life. Follow our guide to learn more about the options available to you.
More Details : I'm almost 71. What should I do with my RRSP?
FlexiFonds
Can I enroll in FlexiFonds products only online?
Online enrollment is simple, quick and secure. That said, FlexiFonds mutual fund advisors would be pleased to assist you by phone if needed.
More Details : Can I enroll in FlexiFonds products only online?
FlexiFonds
What is the role of a mutual fund advisor?
Mutual fund advisors hold the mutual fund dealing representative designation. Their role is to analyze the financial position of savers to offer them mutual funds that are tailored to their needs and their investor profile.
More Details : What is the role of a mutual fund advisor?

Ready to start a new chapter in your retirement savings?

Talk to a Flexifonds mutual fund advisor

1-833-383-2121

These articles may be of interest to you

  • 1

    By participating in the Transfer Fee Refund Promotional Offer (the "Offer"), and subject to applicable laws and the current prospectus, you (the "Client") acknowledge that you have read, understand, and agree to be bound by the following terms and conditions.

    In accordance with the terms of the offer, an amount equivalent to the transfer fees incurred, up to a maximum of $200, will be reimbursed to any client who transfers and invests all or part of a registered investment account such as an RRSP, TFSA, RRIF or LIRA with a minimum value of $5,000 (the "Eligible Account") from another financial institution to FlexiFonds de solidarité FTQ inc. ("FlexiFonds").

    This Offer is valid for all existing or new FlexiFonds Clients who have an active account with FlexiFonds. To be eligible for this refund, the Client must submit a transfer request from an Eligible Account between 8:00 a.m. ET on February 2, 2023, and 11:59 p.m. ET on May 31, 2023 (the "Eligibility Period").

    This offer is intended for any current client or any new client of FlexiFonds who has an active account with FlexiFonds. The Fonds de solidarité FTQ may end this promotional offer without notice.

    The reimbursement of transfer fees shall be equal to the lesser of: (i) the actual transfer fee for an Eligible Account; or (ii) a maximum amount of $200 per Eligible Account, whichever is less. There is no limit to the number of Eligible Accounts a Client can transfer during the Eligibility Period. Partial transfers from the same Eligible Account are eligible for a single reimbursement only. 

    All transfer fee refunds shall be made by issuing an equivalent amount of FlexiFonds shares, directly credited to a FlexiFonds account in accordance with the same investment instructions applicable to the proceeds of the Eligible Account being transferred. Any request to redeem or switch FlexiFonds units received within 90 days of the end of the transfer process shall result in the Offer being rendered null and void, and the Client will be required to repay all transfer fees refunded by FlexiFonds.

    Transfer fees will be refunded in Canadian dollars after the transfer process is complete. The refunded amount shall not count as an RRSP, TFSA, RRIF or LIRA contribution, and no tax receipt will be issued. FlexiFonds mutual fund investments are not eligible for the Labour-sponsored funds tax credit. Transfer fee refunds may have tax implications. For more information, we recommend that the Client consult with their advisor.

    Under this Offer, only the transfer fees shall be refunded. No refunds will be made for transferring an Eligible Account that is exempt from transfer fees. The Client is responsible for all redemption fees, liquidation fees, commissions, and any other fees associated with transferring the account.

    Transfer requests that do not meet the eligibility requirements stated in the prospectus shall be denied. Fonds de solidarité FTQ and FlexiFonds reserve the right to suspend, cancel, or modify the terms and conditions of the offer at any time and without prior notice, and reject all liability for any loss, damage, or other harm that may result from taking part in the offer and transferring an Eligible Account.

    FlexiFonds reserves the right to suspend, cancel, or modify the terms of this Offer at any time without prior notice. FlexiFonds may also refuse transfer requests from Clients who do not meet the eligibility requirements as stated in the prospectus.

    FlexiFonds is not liable for any loss, damage, or harm that may arise from taking part in this Offer and transferring an Eligible Account.

    Information
    All the information and data provided 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 an offer for the subscription or sale of shares of the Fonds de solidarité FTQ or the units referred to herein and should not be viewed as a recommendation. We suggest you consult your legal 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.

    Trademarks
    FlexiFonds, FlexiFonds Conservative, FlexiFonds Balanced and FlexiFonds Growth and the other trademarks displayed on this site are registered trademarks of the Fonds de solidarité FTQ. Other companies' trademarks are used with permission or under license. All rights reserved. Trademark references on this site should not be construed as an implied authorization to use such trademarks.

    Access and site availability
    The website is the property of Fonds de solidarité FTQ. By using the website, you agree to the following terms of use. You acknowledge and agree that the Fonds de solidarité FTQ may restrict, suspend or revoke your access to or use of all or part of the site, including links to third party sites, at any time, with or without cause, in its absolute discretion, without notice or liability. The Fonds de solidarité FTQ does not guarantee that this site will be available and meet your requirements or that access to this site will be uninterrupted. Availability downtime may occur at any time, without notice, including downtime required for maintenance or technical reasons.