RRIF

Members are not allowed to contribute directly to an RRIF but can transfer money from other registered plans, usually RRSPs. There are no tax consequences with these transfers but you are required to take a minimum payment from a RRIF each year and this amount is reported for tax purposes. There is flexibility in the amount you can withdraw with no maximum limitation. VPCU offers a variety of RRIFs to help provide a comfortable retirement.