Funds are tranferrable at any time without charge to other carriers. In mortgages and properties owned by Canadian Mennonite Brethren churches and church institutions to empower them for greater ministry. In bank or government related securities or deposit accounts to provide payout funds. As many as you wish to set up. A fixed rate of interest, adjusted as of January 1 and July 1 of each year.
Earned income is compounded and paid into the fund semi-annually.
This amount is set by a minimum percentage table. You may take larger regular amounts or additional lump sums if you with. This will exhaust the RRIF more quickly. Regular payments are usually made annually exept in the case of large sums. You can use your RRIF to buy an annuity whenever you wish.