Retirement income products
It’s time to retire and convert your savings (RRSPs, locked-in RSPs, LIRAs and non-RRSP savings) into retirement income.
You are allowed to contribute to and keep your RRSP, Locked-In RSP or LIRA until the end of the year in which you turn 71. After this point, they must be converted into income.
What would you like to do?
|Transfer an RRSP to an investment I can continue to manage and make withdrawals from it as needed.||Registered Retirement Income Fund (RRIF)|
|Transfer a LIRA or locked-in RSP to an investment I can continue to manage and make withdrawals from it as needed.||Life Income Fund (LIF)|
|Get guaranteed monthly income without having to worry about managing my investments.||Annuities|
|Get regular guaranteed monthly income and potential higher returns through a turnkey solution tailored to my investor profile.||Profile Guaranteed Investment Portfolio – Retirement Income|
|Get regular guaranteed monthly income and the benefits of potential higher returns offered by financial markets||Equity Guaranteed Investment Portfolio – Retirement Income|
|Transfer funds saved outside a registered plan and make periodic withdrawals from it as needed.||Regular Income Term Savings|
|Transfer funds from an employer-sponsored retirement plan.||Locked-In Retirement Account (LIRA) and Locked-In RSP|
|Withdraw funds from time to time and not on a regular basis.||Lump sum withdrawal or series of withdrawals|
Find out more
Read the Manage your retirement income section.