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Retirement Income Fund

RRIF options at a glance

Your RRIF is every bit as flexible as an RRSP when it comes to available savings and investment options. A BMO investment specialist can help you create a retirement income strategy that works for you!

  • BMO RIF Savings
    Access your funds at any time, with no interest penalty. Your initial investment is safe, and you’ll enjoy stable interest returns and a predictable income. View current rates
  • Self-Directed RRIF
    A self-directed RRIF is similar to a self-directed RRSP, only instead of making new tax-deductible contributions you draw on the plan for income. It’s great for investors who want to hold a diversified portfolio of many investment types, like individual stocks, bonds and mutual funds. A self-directed plan offers maximum investment and management flexibility.
  • BMO RRIF Guaranteed Investment Certificates (GICs)
    Ideal for longer-term investments, GICs offer guaranteed rates of return and security for your initial investment.
    View current rates
  • Mutual Funds
    Enjoy the same mutual fund investment benefits as when you were saving for retirement, including :
    • Professional management
    • Diversification
    • Ease and convenience of investing
    • Opportunity for higher returns, with no fees for purchases,switches or redemptions.
    • Easy to withdraw money for income

Helpful Tools & Resources

Want to know more about RRIFs?

Check out RRIF FAQs

RRIF Calculator

See how much your RRIF can earn over the course of your retirement, and what your income will be.

Try it now

Open a RRIF today

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* BMO Progressive GICs are issued by Bank of Montreal Mortgage Corporation and guaranteed by Bank of Montreal. The principal amount of a BMO Progressive GIC is guaranteed and is repayable upon maturity, but there is no guarantee of earning any return linked to the performance of the underlying securities. The rate of return for the term payable, if any, will be the return on the portfolio of investments which are the basis for calculating the return on the BMO Progressive GIC (the “Reference Portfolio”) subject to the following: the rate of return for the term will not be less than zero or more than the maximum rate of return. The return on the Reference Portfolio, if any, is determined without reference to any dividends or distributions paid on the securities and is the simple average of the percentage changes in the value of each underlying security in the Reference Portfolio over the term of the BMO Progressive GIC. The rate of return for the term: (i) is not compounded; (ii) as set out in this advertisement is based on the BMO Progressive GICs as of June 30th, 2018, and the maximum rate of return for the term is subject to change between series; and (iii) is not an annual rate but is the rate of return over the entire term of the BMO Progressive GIC. If market disruptions or other special circumstances affect the calculation of the return, the calculation agent may adjust or delay the calculation or payment of interest, estimate the value of an underlying security, replace a security and/or determine the amount of interest, if any, that may be payable in an alternate manner. The terms and conditions for BMO Progressive GICs are available at your local BMO Bank of Montreal branch.