A Registered Retirement Income Fund (RRIF) helps you manage your money after retirement

Just because you stop working, doesn't mean your money should

How a RRIF works:

  • Consolidate your RRSP accounts when you’re ready to start using your money and convert to a RRIF.
  • Convert your RRSP to a RRIF by the end of the year you turn 71—or sooner if you need the income. Your investments transfer directly and do not have to mature or be liquidated.
  • Set up scheduled withdrawals the year after you open your RRIF. This can be any amount, as long as you meet the minimum annual withdrawal as set out by federal regulations.
  • Report withdrawals as income on your tax returns. RRIF funds are taxable in the year you withdraw them.

Our knowledgeable advisors can help guide you through this process and provide advice on how much you may need to withdraw to supplement your other sources of retirement income.

RRIFs can be held in a variety of investments options, including Guaranteed Investment Certificates (GICs), mutual funds. portfolio solutions, and savings deposits. You can also hold stocks and bonds-  See Wealth Options.

Mutual Fund

Investment Options 

We know your financial needs go beyond traditional banking products. Choose to invest your money in Mutual Funds or other securities. Through Credential Asset Management Investment Inc. professionals at Rocky Credit Union, we can provide access to a comprehensive line of investments, including a variety of mutual fund companies. 


Mutual funds are offered through Credential Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual fund securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated. Credential is a registered mark owned by Aviso Wealth Inc.

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