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 ?
Canadian unitholders holding Enterra Energy Trust Units in a Registered Retirement Savings Plan ("RRSP"), Registered Retirement Income Fund ("RRIF") or Deferred Profit Savings Plan ("DPSP") should not report any income related to distributions on their 2004 income tax return.
Martland through his Registered Retirement Income Fund plan and 520,000 were acquired by Marpep.
Outliving Our Savings: Registered Retirement Income Funds Rules Need a Big Update.
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.
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