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Saturday, November 07, 2009 04:38 PM
 
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Registered Retirement Income Fund(RRIF)Rates, 1 to 6 years


Financial Institution Type Redeemable Minimum Deposit 1 Year 2 Years 3 Years 4 Years 5 Years 6 Years
B2B Trust LD N 1000 .650 1.850 2.500 2.800 3.250 N/A
BMO Bank of Montreal LD N 500 .400 1.300 1.600 1.700 2.100 2.100
Bk Nova Scotia Mtg. Corp LD N 500 .400 1.300 1.600 1.700 2.100 N/A
CIBC LD N 500 .400 1.300 1.600 1.700 2.100 N/A
Caisses Desjardins LD N 500 .400 1.200 1.600 1.700 2.100 N/A
Caisses Desjardins LD N 500 .400 1.200 1.600 1.700 2.100 N/A
Canada Life GT R 25000 .875 1.875 2.525 3.125 3.425 3.625
Concentra Financial LD N 5000 .400 1.300 1.600 1.700 1.900 N/A
Desjardins Fin. Security GT R 500 .700 1.450 2.100 2.550 2.850 2.850
Effort Trust LD N 10000 1.100 1.750 2.400 2.750 3.000 N/A
Empire Life LD R 50000 .875 1.875 2.500 3.375 3.625 3.625
Great-West Life GT R 50000 1.000 2.000 2.650 3.250 3.550 3.750
Great-West Life LD R 50000 1.000 2.000 2.650 3.250 3.550 3.750
Great-West Life LD R 50000 1.000 2.000 2.650 3.250 3.550 3.750
Home Trust Company LD N 10000 1.550 2.150 2.650 3.050 3.350 N/A
Key Savings + Credit U. LD N 1000 .400 1.300 1.600 1.700 2.100 N/A
Laurentian Bank Canada LD N 500 .400 1.300 1.600 1.700 2.100 N/A
Laurentian Bank Canada LD N 500 .400 1.300 1.600 1.700 2.100 N/A
London Life GT R 25000 .875 1.875 2.525 3.125 3.425 N/A
Manulife Investments GT R 5000 .750 1.700 2.300 2.750 3.250 3.300
Manulife Investments LD R 5000 .750 1.700 2.300 2.750 3.250 3.300
Manulife Investments LD R 5000 .750 1.700 2.300 2.750 3.250 3.300
National Bank LD R 500 .400 1.200 1.600 1.900 2.100 2.200
Ontario Civil Service CU LD N 40000 1.450 N/A N/A N/A N/A N/A
PACE Savings & Credit Un LD N 1000 .400 1.300 1.600 1.700 2.100 N/A
Parama Credit Union LD N 1000 1.500 2.250 2.500 2.750 3.400 N/A
Royal Bank of Canada GT N 1000 .450 1.350 1.250 2.000 2.000 N/A
Servus Credit Union LD N 5000 .450 1.350 1.650 1.750 2.150 N/A
So-Use Credit Union LD N 100 1.000 1.150 1.350 1.550 2.250 N/A
Standard Life GT R 50000 1.000 1.750 2.400 2.800 3.550 3.550
TD Canada Trust LD N 500 .400 1.300 1.600 1.700 2.100 N/A
TD Canada Trust LD N 500 .400 1.300 1.600 1.700 2.100 N/A
Transamerica Life Canada GT R 50000 .750 1.600 2.100 2.350 2.800 N/A
Virtual One Credit Union LD N 500 1.250 2.000 2.250 2.500 2.750 N/A
Windsor Family C.U. LD N 500 .500 1.400 1.700 1.700 2.100 N/A
Your Credit Union LD R 1000 .200 N/A N/A N/A N/A N/A
Your Credit Union LD N 1000 .450 1.400 1.600 2.700 3.000 N/A

Last Update: 11-07-2009 11:30:02


A retirement arrangement that allows a taxpayer to rollover a RRSP at the point when the RRSP must be collapsed. The funds can be withdrawn in future years to provide retirement income. A minimum withdrawal is required each year based on the balance of the fund at the time of the rollover. The balance of the fund and any extra income that accumulates remain tax-free until they are withdrawn.

Types of RRIFs: · GT = guaranteed term    · LD = long term deposit

The chart shows comparable but not identical RRIF products. It is based on a deposit of $50,000 with income paid annually.

Data provided by