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136052022/10-Page 1 of 4Registered Retirement Income Fund (RIF) Successor Annuitant or Other Beneficiary Designation Form CIBC Investment Retirement Income Fund (RIF) CIBC Investor Services Inc. RIF
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How to fill out registered retirement income fund

01
Determine the minimum amount you are required to withdraw each year based on your age and the total value of your RRIF.
02
Decide how often you want to receive payments (monthly, quarterly, annually, etc.).
03
Choose your investments within the RRIF based on your risk tolerance and retirement goals.
04
Fill out the necessary forms provided by your financial institution to convert your RRSP into a RRIF.
05
Provide your financial institution with any additional information required to set up your RRIF account.
06
Monitor your RRIF investments and make adjustments as needed.

Who needs registered retirement income fund?

01
Individuals who have reached the age of 71 and must convert their RRSP into a RRIF according to Canadian tax laws.
02
Retirees who are looking to generate regular income during their retirement years
03
Those who want to take advantage of tax-deferred growth within their retirement savings.
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A registered retirement income fund (RRIF) is a Canadian retirement fund that is registered with the government and is used to provide income during retirement.
Individuals who have converted their registered retirement savings plan (RRSP) into a RRIF are required to file a registered retirement income fund.
To fill out a registered retirement income fund, individuals must report the income earned from the fund on their tax return and adhere to the government regulations regarding withdrawals.
The purpose of a registered retirement income fund is to ensure that individuals have a source of income during retirement by gradually withdrawing funds from their retirement savings.
Information such as the amount of income earned from the fund, the withdrawals made during the year, and any taxes deducted must be reported on a registered retirement income fund.
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