Deferred profit sharing plan (DPSP)
Deferred profit sharing plan assets must be converted to cash, used to purchase an annuity, used to purchase a registered retirement income fund (RRIF), or transferred to a registered retirement savings plan (RRSP) by the end of the year in which you turn age 71.
A simple outline of your DPSP investment options.
|Life annuity||Allowed at any time.|
|Annuity certain||Allowed at any time.|
|Registered retirement income fund (RRIF)||Pending legislation would allow at any time.|
|Life income fund (LIF)||Not an option.|
|Locked-in retirement income fund (LRIF)||Not an option.|
|Prescribed RRIF (PRRIF)||Not an option.|
Access your account
Find information about your group retirement, savings and income account.