Skip navigation
ShowSkip navigation

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

Already a BMO customer?
Sign in to open a RRIF online or to view an existing account.
Don't have an account?
Let’s change that! Here are some ways to sign up:
Make an appointment