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What is the RRIF option?

option RRIF
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What is the RRIF option?

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Paragraph spacer When you select the RRIF option you transfer your RRSP savings to The Canada RIF. You can transfer the proceeds from another RRSP or RRIF to The Canada RIF to purchase compound interest Canada Savings Bonds (the CSB and the CPB) during any sales campaign. The minimum purchase amount within The Canada RIF is $500 per series whereas the maximum ownership amount is $500,000 per series.

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