IncomePlus guarantees RRIF
payments for life

GIF Select with IncomePlus when in a RRIF has the ability to provide guaranteed income for life*, regardless of market performance.

IncomePlus RRIF presents you with unique advantages:

  • In the first year, when no RRIF income is taken, a five per cent income bonus increases the guaranteed annual income
  • Automatic resets every three years, capturing investment gains when markets rise
  • The flexibility to withdraw more than the guaranteed income amount to meet the required RRIF minimum -- without affecting future guaranteed stream of lifetime payments
  • A guaranteed income throughout retirement even if the market value of the investment reduces to zero

* Withdrawals in excess of the LWA and RRIF minimum threshold (or adjusted IncomePlus RRIF minimum) or prior to the Election of LWA (Lifetime Withdrawal Amount) will reduce the GWB Benefit Base proportionally and may have a negative impact on future income payments. The Lifetime Withdrawal Amount becomes available for election on January 1st of the year the annuitant or the younger of the annuitant and the Joint Life (if applicable) turns age 55. The Joint Life must be the spouse or the common-law partner (as defined by the Income Tax Act (Canada)) of the annuitant. Once named, the Joint Life may not be changed. Other conditions may apply. Bonuses are not cash deposits; they increase the basis for calculating guaranteed income.