RRIF Rates effective October 23, 2020:
|1 Year||0.77% *|
|2 Years||0.91% *|
|3 Years||0.93% *|
|4 Years||1.05% *|
|5 Years||1.31% *|
Please note that minimum investments amounts vary
* Current Minimum is $10,000.00
** Current Minimum is $50,000.00
Registered Retirement Income Funds (RRIFs) are tax-sheltered plans for registered savings that provide regular income payments.
At age 71 Revenue Canada obligates all Canadian residents with RRSP’s to transfer these funds to a RRIF.