Can I have multiple RRIFs?

Yes, there is no limit on the number of RRIFs you can have.

Important considerations:

  • Separate minimum withdrawals: You must withdraw the minimum amount from each RRIF separately
  • Account management: Each RRIF is treated as an independent account with its own minimum withdrawal calculation based on the account balance
  • Tax reporting: Withdrawals from all RRIFs will be combined and reported as taxable income on your tax return


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Can I convert my RRIF back to an RRSP?
RRIF Tax Reporting
How do RRIF withdrawals work?
What if I withdraw more than the minimum in my RRIF?