Registered Retirement Income Funds (RRIF)
Turn your retirement savings into retirement income.
Why invest your money in a RRIF
A RRIF1 is right for you if you want your savings to provide income during retirement, while giving you flexibility in managing your retirement finances.

What is a RRIF?
When it’s time to retire, you can transfer money from your RRSP to a RRIF, usually on a tax-deferred basis. RRIFs are designed to give you regular income payments during your retirement years2.

What can your RRIF hold?
When you convert your RRSP to a RRIF, you may continue to invest in many of the same investments, such as cash, an investment account, GICs, mutual funds, bonds, and equities.

Types of RRIFs that Scotiabank offers
We offer two types of RRIFs to help you plan for your retirement. A self-directed RRIF allows you to invest in the same range of qualified investments as self-directed RRSP. Managed RRIFs lets us take care of the investing for you.
The Investment Companion Booklet includes important information about our products, services, and fees.
Building your RRIF

The Scotia Aria® Retirement Program
The only retirement program of its kind in Canada, with a customized investment approach designed for your stage in life. A $500 investment is all it takes to get started.

ScotiaFunds® Portfolio Solutions
Our Portfolio Solutions offer a diversified mix of mutual funds in the convenience of single investment to help you grow your savings while carefully managing risk. Whether you are seeking regular income or long-term growth, there’s a portfolio solution designed to help you achieve your goals.

Mutual Funds
Mutual funds deliver instant diversification and professional money management in a cost-effective and convenient solution.

Guaranteed Investment Certificates (GICs)
Earn up to 15,000 Scene+TM points on an eligible GIC.♢
A worry-free investment product that keeps your principal investment safe and has a guaranteed rate of return.
Build a plan for your future with Scotiabank

Get personalized advice from our team of advisors and investment specialists across Canada.

Connect with us in a way that’s convenient for you. Scotia advisors are available in every branch to help you understand, plan, and execute the right financial plan.

Monitor your investments digitally with online and mobile banking. Our digital banking guides show you how to take care of your banking using your mobile phone, tablet, or computer.

Online appointment booking
A quick, easy, and secure way to connect with a Scotiabank advisor matched to your needs.

Have a question?
We’re ready to give you advice.
GIC Investment Campaign Offer T&Cs
The Scotiabank GIC Bonus Scene+ Points Offer (the “Offer”) is available to individuals who purchase a Canadian Dollar Non-Redeemable GIC with a term of at least 2 years (“Eligible GIC”) between December 1, 2022, and March 31, 2023 (the “Offer Period”) and meet all other Offer conditions.
All other Scotiabank GICs, including non-redeemable GICs with terms less than 2 years, Market Linked GICs, Personal Redeemable GICs, Cashable GICs, and Guaranteed Income Optimizers are not eligible for the Offer. Eligible GICs can be purchased within either non-registered account or registered plans such as RRSP, TFSA, etc.
To qualify for a Scene+ point bonus (the “Points Bonus”):
- Purchase a new or renew an existing investment into an Eligible GIC during the Offer Period.
- The sum of Eligible GIC principal amounts purchased during the Offer Period must be equal to or greater than $5,000.
- By or on May 1, 2023, hold a Scotiabank debit or credit card that earns Scene+ Rewards (click here for eligible products) in good standing.
The Points Bonus you qualify for (Tier 1-4) will depend on the sum of Eligible GIC principal amounts purchased during the Offer Period under step 2 above, as follows:
|
Tier 1 |
Tier 2 |
Tier 3 |
Tier 4 |
---|---|---|---|---|
Sum of Eligible GIC Principal Amounts |
$5,000 - $49,999 |
$50,000 – $249,999 |
$250,000 - $999,999 |
≥$1,000,000 |
Points Bonus |
1,500 |
3,000 |
9,000 |
15,000 |
The Points Bonus will be credited to the Scene+ membership account connected to your Scotiabank debit or credit card by July 31, 2023, provided all Offer conditions outlined above have been satisfied. Your Eligible GIC(s) must be open at the time of the Points Bonus payout. If more than one (1) Eligible GIC is purchased and each qualifies for the Offer, the Points Bonus will be credited based on the sum of the Eligible GIC principal amounts purchased during the Offer Period. If the Eligible GIC(s) is purchased in a joint investment plan, only the primary joint account holder will be eligible to receive the Points Bonus. If an eligible customer has multiple Scene+ membership accounts, only one account will be credited. All other terms and conditions of the Eligible GIC(s) purchased/renewed continue to apply, including any minimum amounts.
This Offer is non-transferable, non-saleable, may not be exchanged for cash and may not be duplicated. Limit of one (1) Points Bonus per customer, regardless of the number of Eligible GICs opened. Offer may be changed, cancelled, or extended at any time and cannot be combined with any other offers except as otherwise permitted.
SCENE LP in its sole discretion, reserves the right to revoke any Scene+ points issued in connection with this Offer and/or cancel Scene+ membership accounts, if SCENE LP feels the Scene+ points were issued or used fraudulently or not in accordance with these Terms and Conditions. Any discrepancies with Scene+ points must be addressed with the SCENE Help Centre at support@sceneplus.ca.
™ Scene+ and the Icon Design are trademarks of Scene Plus IP Corporation, used under license.