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

Guaranteed Investment Certificates (GICs)

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

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.

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.

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Online appointment booking

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

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Have a question?

We’re ready to give you advice.

1
If the Dealer of your Scotia RRIF is The Bank of Nova Scotia, funds in the cash portion of your account are eligible to be insured by the Canada Deposit Insurance Corporation. If the Dealer of your Scotia RRIF is Scotia Securities Inc.(SSI), funds in the cash portion of your account are held in trust by SSI. SSI accounts, except accounts held by residents of Quebec, are eligible for protection by the Mutual Fund Dealers Association of Canada Investor Protection Corporation. The cash in an SSI account is not eligible for deposit insurance offered through the Canada Deposit Insurance Corporation.
2
The government requires that everyone with an RRSP, including Locked-in Retirement Savings Plans (LRSPs) and Locked-in Retirement Accounts (LIRAs), convert to one or more retirement income sources by December 31 of the year they turn 71.

Scotia Global Asset Management is a business name used by 1832 Asset Management L.P., a limited partnership, the general partner of which is wholly owned by Scotiabank.

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™ Trademark of The Bank of Nova Scotia, used under licence.