Innovation investments

A Registered Retirement Income Fund (RRIF) helps you convert your retirement savings into income. Before the end of the year you turn 71, you will need to convert your Registered Retirement Savings Fund (RRSP) into an income option of your choice - a RRIF is one of those options. You must take a minimum annual payment in your 72nd year and each year after until your funds are depleted.

The payments made to you from your RRIF are taxable, but the investment in a RRIF continues to grow tax-deferred until it is withdrawn.

 We have a variety of RRIF investment options for you to choose from:

  • Our RRIF Savings Account
  • Our 12 month redeemable RRIF investment
  • Our 12 to 60 month non-redeemable RRIF investments, inclusive

36 Month Convertible Expand/Collapse

If you are concerned about missing out on increasing interest rates, the 36 Month Convertible non-redeemable feature allows you to maximize your growth in an any-rate environment.

Use the convertible option once during the initial investment length to convert into a new investment of equal or greater length.

To learn more about this investment account and others, see our Account and Fee Information (pdf). You can also contact us in a way that works best for you!


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Investments require a minimum deposit of $1,000. Minimum investment of $1,000. Interest is earned in the currency of the account and calculated on a per annum basis. Rates are subject to change without notice. Interest rates are annual interest rates. Interest is calculated daily on the closing credit balance. If term is withdrawn in full, the accrued interest is paid in full based on prior day's amount. If partial withdrawals are processed, there is no payment of accrued interest as it's paid according to the original terms. Interest for products can either be paid to a separate account or added to the principal on each anniversary date and at maturity.

VirtualWealth is a trade name of Credential Qtrade Securities Inc., Member of the Canadian Investor Protection Fund.

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