Transferring your RRSPs to a RRIF

If you’ve made regular contributions to your RRSP over the years, you’ve likely accumulated substantial savings. By transferring these savings to a RRIF, you can have peace of mind while managing your retirement income. Similar to an RRSP, your money continues to grow tax-sheltered in your RRIF. 

Here’s how it works 

You have until the end of year on your 71st birthday to convert your RRSP to a RRIF. If you need to access the funds before that, you can also make this transfer sooner. You get to decide the amount and frequency of your withdrawals, as long as you meet the minimum annual withdrawal amount as determined by federal regulations. 

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer which insures deposits in credit unions.

Unless otherwise stated, cash balances, mutual funds and other securities are not insured nor guaranteed, their values change frequently, and past performance may not be repeated.

Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.

Qtrade Guided Portfolios is a division of Aviso Financial Inc.

Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc.