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To beat the clock if you want to avoid the 2017 tax rule changes for prescribed non-registered annuity payments, you need to buy before 2017 rolls around. The higher taxable portion will result in higher taxation, so you need to buy now.
What is actually happening is that the federal government tax changes, made under the income tax act, are increasing due to the discarding of the 1971 life expectancy tables. There will be grandfathering for those who do not want to commence payments until 2017, so it is apparent there are great benefits in annuitizing before January 1st, 2017.
Act now and get a prescribed annuity quote.