Registered Retirement Income Funds
You have to decide what to do with your accumulated RRSP capital by the end of the year in which you turn 71. That's when your RRSP matures.
Many people convert their RRSP to a RRIF (which means the RRSP capital is switched to a RRIF). You can manage the RRIF the same way you managed your RRSP and your money continues to grow tax-free until you withdraw it.
Talk to our staff about your options. We love to help.