If you transfer your UK pension into Canada, you must move the funds into recognized financial vehicles approved by the QROPS process. Depending on the circumstances, that would be either a RRSP (Registered Retirement Savings Plan) or a RRIF (Registered Retirement Investment Fund.)
RRSPs vs RRIFs: What’s The Difference?
If you transfer your UK pension into Canada, you must move the funds into recognized financial vehicles approved by the QROPS process. Depending on the circumstances, that would be either a RRSP (Registered Retirement Savings Plan) or a RRIF (Registered Retirement Investment Fund.)
What You Need to Know About Canadian RRSP’s
If you are used to the British pension system and have recently moved to Canada or plan to retire within Canada, you may not know what an RRSP is. However, if you plan to transfer your UK pension to Canada, you’ll want to understand a bit about them before you move your funds
Transferring Your UK Pension to Canada via QROPS
If you are a British ex-pat living in Canada, or have at some stage lived in the UK, and want to move your personal or company pension to Canada, the good news is that you can