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Registered Retirement Income Fund (RRIF)

Living well during your retirement means managing your retirement income wisely. When you terminate your RRSP, all the money remains sheltered from tax if you move it to a Retirement Income Option (RIO) and only the money withdrawn each year is taxed for that year. An RRIF is the most flexible RIO and is best suited to people who want to make their own decisions regarding their retirement income.


  • Funds continue to earn interest while on deposit
  • Control over amount of monthly/annual payments
  • The balance is available for survivors
  • Deposit insurance protection 

  • Variable and Fixed Rate Plans available with fixed terms from 1 to 5 years
  • Secure investment with principal and interest guaranteed

Index-Linked RRIF Term Deposits
The beauty of these products is that they allow you to invest in stock markets without any risk to your principal. With no fees or commissions, your principal is guaranteed and you choose a fixed term of  3 or 5 years. These funds would be non-redeemable for the life of the investment, therefore you would be required to have sufficient other RRIF investments with NLCU to cover the minimum payment for the term of the index linked investment. Rate of return is calculated on the performance of the S&P/TSX.


Don Halleran, PFP, FICB

Wealth Management Advisor
Financial Planner, Credential Asset Management Inc.
341 Freshwater Road
St. John’s NL A1C 1B7
(709) 758-8253
(709) 693-4110

Tina Skinner, PFP

Wealth Management Advisor
Financial Planner, Credential Asset Management Inc.
38 Main Street
Corner Brook NL A2H 1C3
 (709) 634-5341
 (709) 632-0363

Greg Murray, CFP

Wealth Management Insurance Advisor
Finacial Planner, Credential Asset Management Inc.
51 Commonwealth Avenue
Mount Pearl NL A1N 1W7
 (709) 747-9415
 (709) 690-4990

Peter Bishop

Wealth Management Insurance Advisor
Wealth Management Advisor, Credential Asset Management Inc.
1 Pinsent Drive
Grand Falls-Windsor NL A2A 2S8
 (709) 489-9051
 (709) 486-4958

Donna McGrath

Wealth Management Advisor
341 Freshwater Road
St. John’s NL A1C 1B7
 (709) 754-2312

Suellen Fudge

Wealth Management Advisor
6 Roe Avenue
Gander NL A1V 1W5
 (709) 256-3537