Registered Retirement Income Fund, RRIFs | HSBC Canada

Registered Retirement Income Fund (RRIF)

Receive an income in retirement while protecting your savings

Invest in a flexible HSBC RRIF to receive a secure retirement income while minimizing the amount of income tax you pay

Future of Retirement Report
name cash margin options selling Full details

RRIF Savings

NO MINIMUM DEPOSIT

DAILY INTEREST

Full details
Key features and benefits
  • No minimum deposit is required, so you can start with any amount
  • Withdraw as much as you need, beyond the minimum required
  • Transfer your RRIF funds into a wide range of HSBC RRIF options anytime with no fee or penalty
  • Earn interest tax-free on the balance of your RRIF
Additional details
  • Pay tax only on the payments you receive each year
  • Choose monthly, quarterly, semi-annual, or annual payments
  • Redeemable at any time without an early redemption penalty
  • No service charges and no administration fees except for transferring out to another Financial Institutions
Next steps
Need help?

Call toll-free
1-888-310-4722

Find a branch

 

RRIF Fixed Rate

GUARANTEED RATE

REDEEMABLE

COMPOUND INTEREST

AUTOMATIC RENEWALS

Full details
Key features and benefits
  • Get the security of a guaranteed rate of return
  • Pay tax only on the payments you receive each year
  • Withdraw the minimum amount required, or as much as you need
  • Choose automatic renewals with terms ranging from 6 months to 5 years
Additional details
  • Minimum deposit CAD $500
  • Redeemable before maturity at a competitive early redemption rate. (No interest is paid if redeemed prior to maturity for the purpose of transferring the funds to another bank)
Next steps
Need help?

Call toll-free
1-888-310-4722

Find a branch

 

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