As proposed in the last Federal Budget, the date by which
RRSps must be collapsed will be at the end of the year in
which the annuitant turns age 69.

However, the proposal does not affect the annuitant who turns
70 or 71 This Year.

For your convenience, I am attaching a Quick Reference Chart
which identifies WHEN an R.R.S.P. or a L.I.R.A. mst be collapsed
and converted intoa RRIF/LIF/SPIA/ANNUITY under this new Budget.

	YEAR BORN	CONVERSION DEADLINE
	
	1925		December 31st., 1996
	
	1926		December 31st., 1997
	
	1927		December 31st., 1997

	1928		December 31st., 1997

	1929		December 31st., 1999

	1930		December 31st., 1999

	1931		December 31st., 2000

NB: Individuals who have RRSP contribution room after age 69
    will be able to contribute to a spousal RRSP up until the
    end of the year in which Their SPOUSE turns age 69!
    
    
Dave Philips
-exclusively for Media Spectrum
