REGISTERED RETIREMENT INCOME FUND:
A Registered Retirement Income Fund (RRIF) is an investment vehicle used to produce
income in retirement. Generally RRIFs are established by transferring money from
an RRSP into the RRIF. Payments must then commence from the RRIF at the latest
in the year following the year the RRIF is established. RRIF withdrawals are subject
to minimum amounts prescribed by Revenue Canada. You may withdraw amounts above
the minimum amounts at any time. The RRIF continues as a tax sheltered vehicle
and investment income accumulates tax free. All withdrawals are subject to income
tax.