A Registered Retirement Income Fund (RRIF) GIC allows funds transferred from an RRSP to remain tax-sheltered while continuing to earn tax-deferred income, as long as those funds remain in your RRIF.

The CIBC RRIF GIC allows you to safely lock in your investment for 6 months to 5 years, with guaranteed principal and interest.

Minimum investment

$500 per RRIF GIC (minimum balance of $5,000 is required to open a CIBC RRIF account)

Terms available

6 months to 5 years - View terms and interest rates available now

Access to funds

  • Non-redeemable prior to maturity to change investment options or to reinvest at other terms and interest rates
  • Cashable in whole or part, with no interest penalty when making scheduled or lump sum payments, paying proceeds on death, making transfers to another RRIF of the plan holder or unlocking Locked-In RRIFs
  • RRIF payments can be received: annually, semi-annually, quarterly, or monthly (a legislated minimum amount must be withdrawn each year)


  • For terms of one year and less, simple interest is paid at maturity
  • For terms over a year, interest is compounded on each anniversary and paid at maturity


There are no fees, unless you transfer all or part of your RRIF funds to another financial institution, in which case a $100 fee will apply

Key benefits

Saves you money

  • You earn tax-sheltered, compound interest
  • Compound interest can be renewed with maturing principal. Or, if you prefer, when the GIC matures, compounded interest can be put into a RRIF Daily Interest Savings Account
  • An existing CIBC RRSP GIC can be transferred "intact" before maturity to a CIBC RRIF


  • Automatically renews into a CIBC RRIF GIC of the same term, unless alternate instructions are provided prior to maturity
  • Easily keep track of your account with quarterly statements sent to you

Interested in a non-registered GIC?

Consider a CIBC Short-Term GIC or CIBC Long-Term GIC.

Interested in a TFSA GIC?

Consider a CIBC TFSA GIC (Non-Redeemable).

Is it for you?

The CIBC RRIF GIC could be for you if any of the following apply:

  • You want the safety and security of a fixed rate of return
  • You want to keep making active investment decisions to maximize growth inside your plan
  • You want to be able to change the amount you withdraw at any time, or take out a large lump sum if you wish (a legislated minimum amount must be withdrawn each year)

Useful information

  • If an income payment would result in any CIBC RRIF GIC having a remaining balance below $500, then the full remaining balance will be redeemed and transferred into your RRIF Daily Interest Savings Account.