n. — Finance, Administration
a tax-deferred retirement fund that is registered with the Canada Revenue Agency.
Type: 1. Origin — The Registered Retirement Income Fund was created by the federal government in 1978 (see the 1982 quotation). Individuals wishing to invest in an RRIF must transfer funds from other registered plans (typically RRSPs) into one or more RRIFs before the year they turn 71. A certain minimum amount must be paid out annually from an RRIF and payments are subject to income tax.
See also COD-2, which marks the term "Cdn".