When the time comes to start using your hard earned savings, a Quinte First Credit Union Retirement Income fund or RRIF is a great option. We offer fixed term, fixed rate investments at very competitive rates. Sit down with an investment advisor, select a term of 1 to 5 years and then pick the payment option that is right for your lifestyle.


What is an RRIF?

A Registered Retirement Income Fund is a retirement fund that pays out income to the owner.  To fund their retirement, RRSP investors roll over their RRSP into an RRIF at the age of 71.  RRIF payouts are considered a part of the owner's normal income and are taxed as such by the Canadian Revenue Agency in the year that the beneficiary receives payouts.


What are the Benefits of an RRIF?


Flexible Payment Options

Canada Revenue Agency (CRA) requires that you receive at least a minimum payment from your RRIF each year, but beyond that, your RRIF can be completely customized to meet your personal goals and budget requirements.

Competitive Interest Rates

Quinte First offers a variety of RRIF investment options at competitive interest rates.  A Variable Rate RRIF offers an interest rate which will vary according to the marketplace, while a Fixed Term RRIF earns a fixed rate of interest for a period of time you select.

Maximum Control Over Your RRIF

One of the most appealing features of a RRIF is the amount of control you can exercise. If you need extra money for a financial emergency or any other purpose, you can make lump sum cash withdrawals from your RRIF.


RRIF Options


Guaranteed Plans

RRIF Deposits can be purchased from 1-5 years at competitive rates.  Variable Rate Savings offer flexibility within your RRIF plan.

Mutual Funds*

Money Market Fund - Invested in short-term securities such as treasury bills, and government and corporate notes.  Income funds - Same investment as money market funds but predominately invested in longer-term bonds & mortgages.  Equity - Invests primarily in stocks.

Self Directed Plans

You can build and manage your own investments by buying and selling a wide variety of investments. Self-directed plans are suitable for those with considerable investment experience and time to manage their own investments or simply those who want the convenience of having all their investments with one plan.


Ready to get started?

To learn more about RRIF's or to discuss your options, meet with one of our
knowledgeable and friendly wealth management professionals.

Call us at 613-966-4111 or visit your local branch 

Request Appointment

*Mutual funds are offered through Credential Asset Management Inc.  Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus before investing.  Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions.  There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.  Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.