Funds held in a Canada RSP or Canada RIF will only earn interest until November 1, 2021 or December 1, 2021, as per the Government’s decision to phase out the Canada Savings Bonds Program.

Review your regular statements and consider the following options:

  1. Transfer the funds from your Canada RSP or Canada RIF to another retirement income vehicle at any time without penalty. To initiate a transfer, visit your financial institution or RSP administrator.
  2. Withdraw the funds from your Canada RSP or Canada RIF Plan at any time. To withdraw the funds from your Plan, contact Customer Service at 1 800 575-5151.

If no action is taken prior to November 1, 2021 or December 1, 2021, your Plan will remain accessible, but your funds will no longer earn interest.