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Annuities

Quick facts

  • Main feature: regular income from registered or non-registered savings
  • Interest rate: current rate at the time annuity is taken out
  • Index option: income payment amounts can be adjusted annually
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Note You must convert your RRSP into an annuity no later than December 31 of the year you turn 71.

Who should get this investment?

Savers who want guaranteed regular income for a set period of time or until death. You can use all or part of your RRSP or non-RRSP savings to buy an annuity without having to worry about managing your investments.

Features

Two type of annuities available
Income taxation
Taxes can be spread out over several years.
Interest rate
Fixed for the duration of the annuity, regardless of future rate fluctuations.
Other
  • Exact annuity amount is set at time of purchase and income is protected from potential interest rate reductions.
  • Income amounts can be adjusted annually by indexing your periodic payments.

Find out more

Read the Manage your retirement income section.

How to get this product
At the caisse At the caisse
Make an appointment with a caisse advisor:
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