REGISTERED
PLANS
Registered Retirement Savings Plans (RRSP)
Save for retirement by investing in RRSPs. Choose from fully guaranteed Variable Rate or
Fixed Rate investment options. Terms of 1 to 5 years. RSP eligible mutual funds* also
available.
Independence 55
Enjoy immediate tax savings while saving for your retirement in a tax sheltered plan. A
systematic method of monthly RRSP deposits makes saving easy. Sign up today!
Registered Education Savings (RESP)
Save for the education of your children, grandchildren, or anyone special to you, in a tax
sheltered environment. Recent changes make RESP's more flexible and attractive.
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RETIREMENT
INCOME OPTIONS
Registered Retirement Income Funds (RRIF)
An extension of your RRSP. Variable and Fixed Rate investment options available. Receive
payments from your RRIF on a schedule that suits your needs.
Prescribed Registered
Retirement Income Fund (PRRIF)
A PRRIF is a retirement income fund from which life income may be received. The original
source of funds is a locked-in registered pension plan under Saskatchewan jurisdiction.
When moving to this form of RRIF, you may determine your own level of income without the
withdrawal limit restrictions imposed on other pension funded plans. If you have a spouse
or common law partner, their consent must be given before funds can be accepted in a
PRRIF.
Life Income Fund (LIF)
A LIF is a retirement income fund from which life income may be received. The original
source of funds in this account is from an eligible locked-in registered pension plan. A
LIF is registered and set up as an RRIF, but contains additional agreements with regards
to payments, etc. Certain age restrictions to apply to a LIF.
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