You open a RRIF by transferring money from your RRSP. Transfers from other registered plans like pension plans and DPSPs are allowed under certain circumstances. Funds from a non-registered account cannot be contributed to a RRIF.
We are not able to provide legal or financial advice. Speak to a registered financial advisor for more information about making contributions to a RRIF and generating retirement income. Learn more about registered plans in the Canada Revenue Agency’s publication, RRSPs and Other Registered Plans for Retirement.