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


Choose your Canada RSP or Canada RIF option

Funds held in The Canada RSP or The Canada RIF plans have reached maturity and no longer earn interest. Here’s what you need to know.

When did my funds stop earning interest?

Funds in your plan stopped earning interest November 1 or December 1, 2021, depending on the maturity date of the bonds held in that plan. Your funds will remain available to you to transfer or withdraw.

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 If you choose to withdraw the funds from your plan, the amount withdrawn will be subject to applicable withholding taxes and the proceeds must be declared as income in the year of the withdrawal.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?

Your information may be out of date. To find out, 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. For more information, contact us.