Registered Retirement Income Fund

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Registered Retirement Income Fund

In Canada, a tax-deferred retirement plan that invests the funds the holder has placed in a Registered Retirement Savings Plan (RRSP) and pays the beneficiary out of the income from those investments. Generally speaking, one does not buy an RRIF directly, but rather rolls over funds from an RRSP, which one may do anytime by the age of 71. The advantage to an RRIF is that it allows one to invest tax-free until one actually receives the income from those investments.
References in periodicals archive ?
Outliving Our Savings: Registered Retirement Income Funds Rules Need a Big Update.
Mullen qualifies as a mutual fund trust under the Act and as such, Units are qualified investments for registered retirement savings plans ("RRSPs"), registered retirement income funds ("RRIFs"), registered education savings plans ("RESPs"), and deferred profit sharing plans ("DPSPs"), all as defined in the Act.
As requested by the AICPA Tax Division's Form 3520 Task Force in August 2003, (1) Notice 2003-75 (2) sets forth a simplified reporting regime for taxpayers with interests in Canadian registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs), effective for tax years beginning after 2002.
The Note qualifies for Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), and Registered
The LP Units will be qualified investments for registered retirement savings plans, registered retirement income funds and deferred profit sharing plans.
UN) and are eligible for registered retirement savings plans (RRSP's), registered retirement income funds (RRIF's) and deferred profit sharing plans (DPSP's).
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