RRIFs

Income You Need With Minimum Taxes

Minimize Income Tax!

While there is an annual mandatory minimum you must withdraw, it's up to you how and when you want to receive this amount.

Maximize Tax Credits

RRIF income qualifies for the $1,000 Pension Income Tax Credit.

You're In Control

Avoid a large, one-time tax bill by transferring funds from your RRSP into a RRIF and make partial withdrawals at any time.

Pay Yourself How You Want

If your spouse is younger, payout of the plan can be based on his or her age rather than yours. That way, you can minimize your RRIF withdrawals and the tax you pay.

We've Got You Covered

At The Police Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA).