RIF Guaranteed Investment (RIF GIC)

The guaranteed benefits of a GIC join forces with all the great features of a RIF.

†Terms and conditions apply
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3.55%†
Interest rate
$0
Monthly fee
Great rate

Our rates are among the best around.

Competitive returns that help your retirement savings grow steadily and securely.

No unfair fees or service charges

We simply don't believe in unfair fees.

So you won't have to pay to save with us. Keep more of your hard-earned retirement money.

What's a RIF?

With a AurumZone RIF Savings Account, you can draw the retirement income you need while enjoying the benefits of our Tangerine Savings Account.

RIF withdrawals and taxes

Interest earned in your RIF isn't taxed. You'll have to pay income taxes on the mandatory minimum RIF Payment Amounts you'll receive every year.

  • Mandatory minimum payments are taxed as income
  • Additional withdrawals have withholding taxes
  • Tax rates depend on your total income
  • No tax on interest while funds remain in RIF

You can make withdrawals on top of your minimum RIF Payment Amounts, which will be subject to government withholding taxes in addition to income taxes.

Consult a tax professional for advice specific to your situation.

Money Made Simple

Grow your business cash at a great interest rate. With no fees or service charges, all of our Savings options for business Clients are designed to help you reach your business goals faster.

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