Statements will be mailed to owners of the Canada RSP and Canada RIF throughout the month of July. If you do not receive a statement, ensure your mailing address is up to date.

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.

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 by contacting 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.