When you reach retirement, your financial focus shifts from saving to strategically withdrawing your money. A Registered Retirement Income Fund (RRIF) is the most common way for Canadians to convert their RRSP savings into steady, tax-efficient income.
At Hilltop Financials, we help retirees and pre-retirees create clear RRIF strategies that ensure reliable monthly income, reduce taxes, protect your savings, and support your lifestyle throughout your retirement years.
A Registered Retirement Income Fund (RRIF) is the natural continuation of your RRSP.
By age 71, the government requires you to convert your RRSP into one of the following
A RRIF allows your investments to continue growing tax-deferred while you draw a minimum yearly income from the account.
Without proper planning, retirees can face the following challenges. Hilltop Financials helps you avoid these pitfalls with a structured, tax-efficient RRIF strategy.
Even after converting your RRSP to a RRIF, your investments continue to grow tax-sheltered until withdrawn.
You can withdraw more than the minimum if you choose. Withdrawals can be Monthly, Quarterly, Semi-annual, and Annual.
We help you design the best structure for your needs.
Your RRIF can hold ETFs, Mutual funds, Bonds, Stocks, GICs, and Managed portfolios.
We design a balanced, risk-adjusted portfolio that supports income stability.
Using a younger spouse’s age can reduce the mandatory withdrawal amount, lowering taxes and preserving capital.
We use proven retirement income strategies to maximize your financial security.
Minimize tax by coordinating withdrawals from RRIF, TFSA, Non-registered accounts, Pension income, and CPP and OAS.
Proper sequencing can save tens of thousands of dollars over retirement.
Too much taxable income can reduce your Old Age Security.
We help structure RRIF income to avoid clawbacks where possible.
We create a retirement portfolio built for Income stability, Low volatility, Inflation protection, and Longevity planning.
Common RRIF strategies include Conservative dividend portfolios, Guaranteed Income products, Laddered GICs for income, and Balanced ETF portfolios.
Sometimes withdrawing before age 71 can Reduce future tax payments, Prevent large RRIF withdrawals in 70s & 80s, and Reduce estate taxes.
We tailor strategies to your long-term goals.
RRIF withdrawals can qualify for income splitting with a spouse — a major tax-saving strategy.
RRIFs can be structured to minimize estate taxes by
Hilltop Financials ensures your retirement income plan aligns with your estate goals.
The government sets a minimum withdrawal percentage each year starting at age 71.
For example
Hilltop Financials structures your investment plan so you never run out of money even as mandatory withdrawals increase.
Many Canadians use a combination of both. Hilltop Financials helps you decide which approach best suits your lifestyle.
We ensure you enjoy your retirement with confidence, clarity, and financial stability.
Turn your retirement savings into a predictable, tax-efficient income stream. Hilltop Financials helps you transition easily and confidently.
