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Financial Planning -> Pensions -> Registered Pension Plans (RPPs)

What are Registered Pension Plans (RPPs)?

Registered pension plans are pension plans that are regulated by federal or provincial pension legislation, and must be registered under the Income Tax Act.  There are two types of registered pension plans - defined benefit pension plans (DB), and defined contribution pension plans (DC).  Defined contribution plans are also known as money purchase RPPs.

Defined Benefit Pension Plans (DBPP):

What are defined benefit pension plans?

Characteristics of defined benefit pension plans

Defined Contribution Pension Plans (DCPP):

What are defined contribution pension plans?

Characteristics of defined contribution pension plans (money purchase RPPs)

Pooled Registered Pension Plans

Individual Pension Plans (IPPs)

Annual contribution limits

See our RRSP/RRIF page for annual limits for RPPs.

Registered pension plan regulators and legislation

Locked in Retirement Accounts - aka locked-in RRSPs

bulletconversion to LIF, LRIF, or life annuity
bulletmandatory conversion to life annuity

Federal RPP transfer to Locked-in-Retirment Account

LIF and LRIF minimum and maximum withdrawals

Unlocking your locked-in pension accounts

Revised: October 26, 2023



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