Retirement Income Funds (RIF)

Define retirement on your own terms.

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A Registered Retirement Income Fund (RRIF) can be considered an extension of a Registered Retirement Savings Plan (RRSP) in that your investments can continue to grow on a tax-deferred basis. The main difference is, instead of making a contribution to your plan each year, you are required to withdraw a minimum amount commencing the year after the plan is opened.

When you transfer your RRSP to a RRIF, you may continue to investment in many of the same investments such as: cash/savings, guaranteed investment certificates (GICs), mutual funds, bonds, and even equities. Within the Scotiabank Group of Companies we offer a wide selection of RRIF plans to help you plan your retirement future.

The importance of planning for retirement

Retirement will be more enjoyable if your income is structured to fit your lifestyle choices.

Will & Estate Planning

Planning for your estate is one of the most important duties you will perform for your family's welfare.