Registered retirement savings plan (RRSP)
Registered retirement savings plan 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:
|Life annuity||Allowed at any time.*|
|Annuity certain||Allowed at any time.*|
|Registered retirement income fund (RRIF)||Allowed 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.|
* Plan provisions and applicable legislation may vary.
Access your account
Find information about your group retirement, savings and income account.