RRIFs

Enjoy the Lifestyle You Planned for!

Offered through us by League Savings and
 Mortgage Company: a credit union company.

RRIF Payment Flexibility

Now that you’re getting ready to retire, you want to feel comfortable that you’ll enjoy the lifestyle for which you’ve so carefully planned. When converting your retirement savings to a retirement income option, it’s important to make the decisions that are right for you. Most people decide that a Registered Retirement Income Fund (RRIF), best meets their needs. A RRIF provides you with maximum control over investment of your funds and the most flexibility to adjust the amount of payments you will receive.

A RRIF can be custom designed to meet your retirement objectives. If you wish, it can provide payments for life. Or, the payments can be accelerated so that all the funds in your RRIF are paid out more quickly.

Tax Shelter & Estate Protection

Your funds continue to grow, and are tax sheltered while they remain in the RRIF. Your RRIF is your asset and you control what will happen to amounts remaining at your death. If you wish, your RRIF can be transferred tax-free to your spouse at your death. Or, the remaining balance can be paid out as a lump sum to your estate or to a beneficiary.

Competitive Rates

We offer a variety of fixed term and variable rate RRIFs, all at competitive interest rates to provide maximum return on your retirement income investments.

League Savings and Mortgage Company is incorporated under the Loan and Trust Companies Act (Canada), and provides mortgage and deposit services to the members of certain Credit Unions throughout Atlantic Canada.

 

 

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