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

Bring your dreams to life
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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

 

®World Selection is a registered trade-mark of HSBC Bank Canada.

11 HSBC Global Asset Management (Canada) Limited (“AMCA”) is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. is the principal distributor of the HSBC Mutual Funds. HSBC Mutual Funds are also distributed through authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, Fund Facts, and other disclosure documents before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer or financial institution. The net asset values of all mutual funds, including the HSBC Mutual Funds, may change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

2 HSBC World Selection® Portfolio is a portfolio investment service offered by HSBC Investment Funds (Canada) Inc. (“HIFC”). In this service, a client’s assets are invested in model portfolios. Each model portfolio is comprised of investments in HSBC Pooled Funds, which are mutual funds managed by AMCA and distributed by HIFC. AMCA provides discretionary investment management services to the portfolios in the HSBC World Selection Portfolio service. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with investments in the HSBC Pooled Funds and/or the HSBC World Selection Portfolio service. Please read the applicable account opening documentation associated with HSBC World Selection Portfolio, the prospectus, Fund Facts, and other disclosure documents of the HSBC Pooled Funds in which investment may be made under HSBC World Selection Portfolio service before applying for the HSBC World Selection Portfolio service. The HSBC World Selection Portfolio service and the HSBC Pooled Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer or financial institution. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. The net asset values of all mutual funds, including the HSBC Pooled Funds, may change frequently and any past performance may not be repeated.

HIFC is a direct subsidiary of AMCA and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island. AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island.

3 The Private Investment Management service is a discretionary portfolio management service offered by HSBC Private Wealth Services (Canada) Inc. Under this discretionary service, assets of participating clients will be invested by HSBC Private Wealth Services (Canada) Inc. or its delegated portfolio manager in securities, including but not limited to, stocks, bonds, pooled funds, mutual funds and derivatives. Commissions, trailing commissions, management fees and expenses all may be associated with the use of the Private Investment Management service. Neither the Private Investment Management service nor any of the securities purchased as part of the Private Investment Management service are guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer. The value of an investment in or purchased as part of the Private Investment Management service may change frequently and past performance may not be repeated.

4 HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. Member – Canadian Investor Protection Fund.

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