Canada Savings Bonds
Do you own a Canada RSP or Canada RIF plan?


Choose your Canada RSP or Canada RIF option in 2021

If you still own The Canada RSP or The Canada RIF plan, find out your options before your plan stops earning interest by December 2021.

What will happen to The Canada RSP and The Canada RIF in 2021?

Funds held in the Canada RSP and the Canada RIF plans stop earning interest by December 2021.

Are my funds still earning interest?

Yes, funds in your current plan will continue to earn interest until November 1 or December 1, 2021, depending on the maturity date of the bonds held in that plan. After that date, your funds will remain available to you but will stop earning interest.

What are my options if I no longer want a Canada RSP or Canada RIF?

To close your Canada RSP or Canada RIF plan:

  • Visit your financial institution to transfer the funds held in your Canada RSP or Canada RIF to another registered retirement vehicle, or;
  • Contact us to make a withdrawal. If you choose to withdraw the funds from your plan, the amount withdrawn will be subject to applicable withholding taxes and the proceeds must be declared as income in the year of the withdrawal.

I haven’t received my statements or annual payments in a while. What do I do?

Make sure your information is current. Find out how to change your address, enroll in direct deposit, or contact us.

Where can I find more details about my Canada RSP or Canada RIF plan?

Go to The Canada RSP or The Canada RIF webpages to find out more. You may also contact us for more information.