Question: are rrif contributions tax deductible?
Answer: Investment income from the account is tax-free, although contributions are not tax-deductible. ... When RRSP owners turn 71, they must convert the plan to a RRIF or be taxed on the entire amount. A Registered Retirement Income Fund (RRIF) is a legal vehicle for disbursing funds that have been created in an RRSP.