Registered retirement income fund

A Registered Retirement Income Fund (RRIF) is an account designed to offer you a steady stream of income in or nearing your retirement, while offering several advantages.

An RRIF account is designed to provide a steady stream of income to individuals in or nearing retirement, while offering several advantages that include the following:

  • Tax-deferred growth – Payments made to you from your RRIF are taxable, but the investments in a RRIF continue to grow tax-deferred until they are withdrawn.
  • No limit on withdrawal – Subject to the government's minimum annual requirements, you may withdraw as much – or as little – as you want from your RRIF, whenever you want.
  • Transfer on death – In the event of your death, your RRIF can be transferred directly to your spouse or common law partner tax free as long as he or she is named beneficiary on your RRIF account and he or she transfers the RRIF into his or her own RRSP, RRIF, or eligible annuity.

With an Edward Jones self-directed RRIF, you can choose the investments you want in your portfolio as well as withdraw money or deregister the plan at any time.

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