Payment options during retirement.

Registered Retirement Income Funds (RRIFs) are government-approved means of providing a maturing option for RRSPs. You can transfer funds from an RRSP, another RRIF, a Registered Pension Plan, or a commuted RRSP annuity.

Holders must convert RRSPs during their 71st calendar year. Converting an RRSP to an RRIF allows you to provide yourself and your family with a regular income. While you may take any amount out of the fund above the minimum, each withdrawal is taxable as income.

Download Knowing Your Retirement Income Options brochure

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Tax-sheltered funds

Contributions are tax-deductible and ideal for members looking to shelter funds from their Canadian taxable income.

Earns money

Interest income compounds and accumulates free of tax until you withdraw from your RRSP.

Increased earning

Interest compounds annually.

Retirement planning

The sooner you start contributing, the more you will have at retirement. Allows you to build a comfortable retirement fund during your peak earning years.

Easy to attain

Minimum deposit of $500 for fixed RRSP.


No minimum for variable plans.

Maximized return

The interest rate is guaranteed for the full term.

Peace of mind

All deposits are 100% guaranteed by the Deposit Guarantee Corporation of Manitoba.

Talk to us.

Together, we'll work on achieving your financial goals.

Call 204-958-6300 or book an appointment at your nearest branch.