Registered Retirement Income Fund A RRIF is a vehicle designed to provide retirement income with funds accumulated in an RRSP and is an excellent alternative to an Annuity. With a RRIF you can continue to defer taxes and maintain control over your retirement investments. No commissions. Provides regular pension income automatically credited to your account. No charge for computerized retirement option printout. Terms and rates recorded on your monthly statement. Renewal notice mailed prior to maturity. Variable or fixed interest rates Term options: from 12 months to 60 months