A Registered Retirement Income Fund (RRIF) is a Canadian government approved plan that allows you to continue deferring taxes on funds from pensions and RRSPs. You have until the end of the year you turn 71 to decide how you will convert your RRSP into retirement income.

Easy to Switch

One way to move your RRSP into retirement income is switching your RRSP to a RRIF.

An RRIF Provides:

  • A retirement income for you and/or your spouse
  • A way to shelter your retirement savings for as long as you want
  • Flexibility to withdraw more than the Canada Revenue Agency’s required minimum if you need the funds
  • Control over how your money is invested
  • 100% Deposit insurance through DICO. Please visit DICO for details

Through TMECU, you can decide to invest in term deposits for your RRIF. This way, you can have a steady stream of income without worrying about any risks.

Our RRIF Solutions


Term Deposits (GICs) Earn a set interest rate over a specific time frame.
RRIF Saving Account Build your funds in this account while you decide on other investment products. 


Contact your branch  for more information.



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