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  1. SAVE
  2. Registered Accounts
  3. Retirement Income Funds

RETIREMENT INCOME FUNDS

WHO IT'S FOR:

  • Retirees ready to draw income: Transition from saving to receiving steady, reliable retirement income.
  • Tax-smart planners: Ideal for those looking to manage taxes while accessing their retirement savings.
  • Financially focused retirees: Great for maintaining stability and control over your income throughout retirement.

FEATURES & BENEFITS

  • Converts your RRSP into retirement income
  • Mandatory minimum annual withdrawals starting the year after opening
  • Investment growth continues tax-deferred within the plan
  • Withdrawals are taxable as income
  • Flexible investment options
  • No maximum withdrawal limit

EXPLORE YOUR RETIREMENT INCOME OPTIONS

REGISTERED ISAVE

Grow your long-term savings with no minimum deposit, high interest, and tax-deferred earnings—all in one flexible account.

Key features:

  • Unlimited deposits
  • Automatic contributions
  • Free e-Statements (paper statements available for $2.50 per month)

REGISTERED TERM DEPOSIT

Lock in guaranteed returns and grow your retirement savings tax-free—ideal for long-term planners looking to maximize RRSP contribution room.

Key features:

  • Minimum investment: $500
  • Terms available from 1 to 5 years
  • Redeemable only at maturity
  • Non-registered options also available

REGISTERED 1 YEAR CASHABLE TERM DEPOSIT

Earn a guaranteed return with the flexibility to access your funds anytime—ideal for secure, short-term retirement savings.

Key features:

  • Minimum investment: $500
  • 12-month term
  • Redeemable without penalty after the first 30 days
  • Interest paid at maturity or upon redemption after 30 days

REGISTERED HIGH 5 TERM DEPOSIT

Grow your savings with guaranteed returns and access to 20% of your investment each year—ideal for long-term savers seeking both stability and flexibility.

Key features:

  • Minimum investment: $5,000
  • Laddered investment structure
    • Your deposit is split into 5 equal parts, each maturing annually over 1 to 5 years
  • Guaranteed interest rates for each term
  • Reinvestment flexibility as each portion matures

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