What sources of funds can be used to purchase an annuity?

Souces such as registered and non-registered funds

By Ivon T Hughes
canadian money
Figure 1. Canadian Money

Non-Registered Annuities can be purchased with:

  • Savings Account
  • Chequing Account
  • Bonds
  • Guaranteed Investment Certificates (GICs)
  • Tax Free Savings Account (TFSA)
  • Stocks, Mutual, and Segregated funds outside RRSP's

Registered Annuities can be purchased with:

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

About the Author

Phil Barker

Phil Barker is a leading expert on life annuities in Canada. LifeAnnuities.com has different financial products and has been a recognized authority since 1972.

(888) 970-1470 | Book Meeting

GET AN ANNUITY QUOTE RIGHT NOW

Let's start the conversation!

Get a free annuity quote today.
We compare the best annuity rates in Canada! There is no cost or obligation and your privacy is guaranteed.

Life Annuities.com Inc. | Website: LifeAnnuities.com | Email: info@lifeannuities.com | Toll-free 1-888-970-1470