How to make sure you have enough money to fund your RRIF withdrawals + MORE Apr 18th

Here’s a round-up of news for Canadian investors this week.

Metro Inc

Groupe Dynamite

Featured RRSP Accounts

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EQ Bank

Build your retirement savings with 2.00% interest, tax-deferred contributions and zero fees.

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Registered GIC rate

Earn a guaranteed 3.5% in your RRSP when you lock in for 1 year.

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Best RRSP rates

See our ranking of the best RRSP accounts and rates available in Canada.

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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada…

After decades of using registered retirement savings plans (RRSPs) to reduce taxable income, it can come as a shock to discover the shoe will one day be on the other foot. At the end of the year you turn 71, you have to either cash out your RRSP (not recommended), annuitize it or convert it into a RRIF, a registered retirement income fund.

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The best online brokers, ranked and compared

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What should you do with your RRIF?

The latter is the most popular action. In a recent TSI Wealth Network blog, investment analyst Patrick McKeough said he prefers RRIFs to annuitizing or cashing out…