• Schedule A Call

  • 55 Crockford Blvd,
    Scarborough, ON M1R 3B7

  • Our Working Hours
    Mon - Sat: 8 am - 6 pm

Registered Retirement Income Fund


Our licensed financial services representatives are here to assist you in creating a complete investment portfolio to meet your investment goals.


We utilize the traditional investment tools along with the latest investment planning techniques to create investments that work for you.

Investing Made Easy

We offer the advice, solutions and resources you need to reach your goals. And we do it in a way that always puts you first.

Registered Retirement Income Fund (RRIF)

Registered Retirement Income Fund

Convert your savings into flexible retirement income

Access your money when you need it, for whatever you need it for in retirement. It’s like a Registered Retirement Savings Plan (RRSP) in reverse. An RRSP helps you save for retirement through annual contributions. A RRIF does the opposite, requiring you to take minimum annual withdrawals from your savings to help fund your retirement.

How Does RRIFs Work ?




Trusted Customers




Client Satisfaction

We can help you start investing today.

What are the Benefits of a RRIF?

Flexibility Brings Responsibility

You can take money from your RRIF any time, with no maximum. However, the more income you take out in the short term, the more tax you may pay and the less money you’ll have left in the long term.

Benefits of a RRIF
Estate Planning

Estate Planning

You may designate a beneficiary for your RRIF. For a beneficiary other than your spouse, the value of your RRIF will be added to your income for the year of your death and taxed accordingly.

If your spouse is

your designated beneficiary, your RRIF’s lump sum value is passed to your spouse and remains tax-deferred. It may be reinvested in an RRSP (if your spouse is under age 69), annuity or a RRIF.


Registered Retirement Income Funds are accounts that will allow you to have extra funds available in case you need them, while also enabling you to gain interest on your investment  without taxation until you pull it out.

Growth with RRIF

Registered Retirement Income Fund (RRIF)
or Lifetime income Fund (LIF)?

You may have more than one type of retirement savings (i.e., pension plan, RRSP, etc.). Depending on the type, both a RRIF and a life income fund (LIF) can help you turn those savings into income.


Convert RRSP savings to retirement income.

Minimum annual withdrawals; no maximum.


Convert pension plan savings into retirement income.

Minimum and maximum withdrawal amounts


The deadline to convert your savings is Dec. 31 of the year you turn 71.

Choose a variety of investment options including segregated funds, mutual funds and more. These investments are tax-free while in the fund.

You only pay income tax on the money you withdraw each year.

You may designate your spouse as a beneficiary. The money rolls over tax-free if you die first.

The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature, and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.

Build The Portfolio You Want, No Matter What Kind Of Investor You Are

Transferring Your Funds Into An RRIF

You transfer assets to the investment vehicle from your RRSP savings, RRIF, or any other Canadian retirement vehicle that offers RIFs and the carrier will make income payments to you. Registered Retirement Income Funds (RRIF) do not have to be liquidated in full at once. Usually this would be something that you really do not want to do as it can cause a large tax implication rather than saving you money on taxes, which is the purpose of these types of investment coverings. You can transfer money from your RRSP to your RRIF, and the same applies to your spouse’s RRSP if applicable. If you are considering converting your RRSP to an RRIF, make sure to ask your financial associate about the withdrawal limits and options available.

Problems That We Can Solve


Benefits Of Investments From Policydirect



Get Free Consultation

    What is 9 + 8 ?


    What’s Happening


    New Federal Luxury Tax

    A new federal luxury tax is going into effect for motor vehicles with a retail value over $100,000 and personal

    We help you to unlock & unleash the power within.