RRSP
Turn your retirement savings into steady income with a RRIF.
What is RRSP?
RRSP
If you own a RRSP at the age of 71, the government regulations state that in the calendar year you turn 71 the RRSP must be rolled into a RRIF. In the year that you turn 72, a minimum withdrawal from your RRIF is mandatory. This minimum withdrawal must happen at least once in a calendar year. As a person ages, the government demands that a higher percentage be withdrawn from the RRIF and also regulates what minimum percentage must be withdrawn annually.
What we offer
Callable RRIF
Fixed 1-Year RRIF
Fixed 2-Year RRIF
Fixed 3-Year RRIF
Feel secure about your savings.
The Financial Services Regulatory Authority of Ontario’s (FSRA) brochure can be found here.
