Lump Sum Withdrawal or Series of Withdrawals

Are you retired and have not yet decided on your retirement income options?

Is this type of savings for you?

  • You are retired and you have not yet decided on your retirement income options
  • You need cash occasionally and not on a regular basis
  • Your RRSPs consist of a cash portion to allow you to make one or more withdrawals at the right time

Total or partial withdrawal :Taxes are deducted at source following any withdrawal from an RRSP

Deadline :You have to transfer your RRSP into an annuity no later than December 31 of the year you turn 71

You may also be interested in these personal financial products...
Better informed!
Our blog abounds with articles of real interest to you
Read our blog
Read our blog

View all of our COVID-19 updates here.