What Source of Funds Are Used To Buy An Annuity?

Registered and Non-Registered Fund Types

For registered annuities:

• Registered Retirement Savings Plan (RRSP)
• Locked-in RSP (LRSP)
• Locked-in Retirement Account (LIRA)
• Registered Pension Plan (RPP)
• Deferred Profit Sharing Plan (DPSP)
• Registered Retirement Income Fund (RRIF)
• Life Income Fund (LIF)
• Locked-in Retirement Income Fund (LRIF)
• Prescribed Retirement Income Fund (PRIF)

For non-registered annuities:

• Funds in a Savings Account
• Funds in a Chequing Account)
• TFSA
• GIC or Bond
• Stocks or Mutual Funds outside RRSPs