Investing right doesn’t have to end once you’ve retired. Transferring your RRSP to a RRIF helps you to continue to grow your nest egg and defer your tax burden, while also offering you the flexibility and security you need to enjoy your retirement.

You have a choice between variable rate and fixed term accounts, and you can continue to defer tax while you access your retirement savings. Payments for both account types are made to you based on a minimum payment formula set by the government—visit your local Northern branch to learn more.


  • Choose how much to invest and how much is paid back as income
  • Transfer your RRSP tax free and continue to earn interest on your savings
  • Protect your nest egg with deposit insurance (optional)

Please visit your local branch or call 1-866-413-7071 to talk to a Northern Advisor. Click here for hours of operation. 

At Northern Credit Union, eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Click here to learn more.