Registered Retirement Savings Plan
Registered Retirement Savings Plan (RRSP) funds must be converted to a Registered Retirement Income Fund (RRIF), an Annuity, or cash by the end of the year in which you turn age 71.
A simple outline of your RRSP investment options. Table Start
Life annuity
|
Allowed at any time.*
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Annuity certain
|
Allowed at any time.*
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Registered retirement income fund (RRIF)
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Allowed at any time.*
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Life income fund (LIF)
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Not an option.
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Locked-in retirement income fund (LRIF)
|
Not an option.
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Prescribed RRIF
(PRRIF)
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Not an option.
| Table End
*Plan provisions and applicable legislation may vary.
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