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lifeannuities.com
RRIF vs Annuity
Which is better, a RRIF or an Annuity? The Canada Revenue Agency, requires that you cash in or convert your retirement savings into an income stream by the end of the year in which you turn 71.
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Most Canadians are counting on CPP to fund their retirement… But here’s the problem 👇 The average new CPP payment in 2025 is under $850/month. Even the maximum payout is only about $1,400/month — and almost no one qualifies. That’s not a retirement plan. That’s a supplement. CPP was designed to replace about 25–33% of your working income — not your entire paycheck. That means even if you’ve contributed your whole career, you’ll likely still receive less than $20,000 a year. If you want true fin
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