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Registered Retirement Income Funds (RRIFs)

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.

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.

Scotia 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)

A worry-free investment product that keeps your principal investment safe and has a guaranteed rate of return.

MomentumPLUS Savings Account

A high interest savings account that rewards you the longer you save.


All with no minimum balance or monthly account fee.

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.

Book an appointment with a Scotia advisor.

It starts with a simple conversation.

Have a question?

We’re ready to give you advice.