What is a Registered Retirement Income Fund (RRIF)?
A Registered Retirement Income Fund (RRIF) is an investment vehicle used in retirement. Once funded by converting an RRSP, the RRIF allows for periodic withdrawals while the remaining balance remains tax deferred. The withdrawals have a specified minimum, depending on age, and now maximum.The Canada Revenue Agency website has in-depth information about RRIFs.This information [...]