As you mature, so do your RRSPs. When you reach the age of 71, you'll need to convert them into a Retirement Income Option. For many people, a Registered Retirement Income Fund (RRIF) is the way to go.  With a RRIF, your savings remain tax sheltered but you can make withdrawals whenever you'd like. You will have to pay taxes on these withdrawals, but since you'll most likely be retired, you'll be taxed at a much lower rate.

You will need to make a minimum taxable withdrawal from your RRIF every year. We can arrange for that to be deposited to your account monthly, quarterly, semi-annually or annually.

We have the following options available in RRIF Investments:


A Redeemable Investment is suitable to those that like the freedom in knowing they can access their funds if/when they need them; or have the ability to redeem and place in a higher rate or different investment.
  •  $1,000 minimum investment
  •  12 month term length
  •  Redeemable in full after 90 days without penalty or rate reduction. No interest paid if redeemed within first 90 days.
  • Withdrawals can be made any time after 90 days, minimum withdrawal of $1,000. Minimum balance of $1,000 must be maintained.
  • Additional deposits can be made any time and any amount. Conditions may apply. Speak to your Financial Advisor.



The Non-Redeemable Investment provides investors with a higher rate of interest and are locked in for the length of the term.
  • $1,000 minimum investment
  • 12 to 60 month term lengths available
  • Non-redeemable
  • Convertible option available on 3-year term length. Convertible into a new non-redeemable investment of equal or greater length than the remaining life.


Full details on Cornerstone’s Investment Suite

For more information or to book an appointment with one of our Wealth Management Professionals, contact us.


Attention RRIF Annuitants – please be advised that the RIF Declaration of Trust was revised effective January 1, 2015. CLICK HERE to view the Declaration.


*Important Credential® Disclaimers and Disclosures


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