What’s a R I F?
With a Tangerine R I F
Savings Account, you can draw the retirement income you need while enjoying the benefits of our Tangerine Savings Account. What do I need to know about R I F's?
R I F tax withdrawal
The interest earned in your R I F
is tax-sheltered. You’ll have to pay income taxes on the mandatory minimum R I F
Payment Amounts you’ll receive every year. You can make withdrawals on top of your minimum R I F
Payment Amounts, which will be subject to government withholding taxes in addition to income taxes. And of course, there are no minimum balance requirements or unfair†
fees while you're saving with us. When can I convert my RSP to a R I F?