Registered Pension Plan (RPP)
RPP funds must be converted to a Life Income Fund (LIF), Locked-In Retirement Income Fund (LRIF) or a Life Annuity by the end of the year in which you turn age 71.
A simple outline of your RPP investment options. Table Start
Life annuity
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An option at age 55.*
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Annuity certain
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Not an option.
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Registered retirement income fund (RRIF)
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Not an option.
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Life income fund (LIF)**
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An option at age 55 or later.*
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Locked-in retirement income fund (LRIF)***
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An option at age 55 or later.*
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Prescribed RRIF
(PRRIF)****
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An option at age 55 or later.*
| Table End
*Plan provisions and applicable legislation may vary.
** Available in all provinces except Prince Edward Island and Saskatchewan.
*** Available only in Alberta, Manitoba, Ontario, and Newfoundland and Labrador.
****Available only in Saskatchewan and Manitoba.
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