| Registered Retirement Income Fund - RRIF |
A retirement account into which RRSP holders, at the age of 69, often convert their RRSPs. When the RRSP holder turns 69, his or her RRSPs become an income vehicle and must be converted or cashed.
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The plan is designed to provide a constant cash flow throughout the years of retirement. Because RRSPs must be de-registered by age 69, converting an RRSP into an RRIF at this time allows you to keep your investments within a tax shelter, and you still have the ability to choose how underlying assets are allocated.
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