Long Term (10 to 25 years) RRIF Rates
RRIF Interest Rates
|RRIFs: 10 to 25 years|
|Term In Years|
|BMO Bank of Montreal||no||500||1.4000||-||-||-||-||-|
|Bk Nova Scotia Mtg. Corp||no||1,000||2.0000||-||-||-||-||-|
|Laurentian Bank Canada||no||500||1.7000||-||-||-||-||-|
|Sun Life - Insurance||yes||5,000||1.3000||1.3000||1.3000||1.5000||1.5500||1.5500|
This table shows comparable but not identical products.
A registered retirement income fund (RRIF) is purchased with the proceeds of a registered retirement savings plan (RRSP). RRIFs are interest accruing investment products that provide a minimum periodic income for a predetermined period of time or until all funds are depleted. Due to the product's flexibility, the investor can, in certain cases, request a withdrawal of any amount provided a withdrawal minimum is met on an annual basis. This product is registered for tax purposes, so interest accumulations are not taxed until withdrawn.
Prepared by CANNEX on March 4, 2021 at 08:00:42 ET.
This information is current as of the date and time posted and is subject to change without notice.
© Copyright 2021 CANNEX Financial Exchanges Limited. All rights reserved.