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Lump sum withdrawal or series of withdrawals
Lump sum withdrawal or series of withdrawals
A one-time withdrawal or series of withdrawals from your RRSP may be a solution if you:
- have not yet selected a retirement income option
- need cash only occasionally and not on a regular basis
Ensure that a portion of your RRSPs are invested in products that allow you to make withdrawals when you need them, such as redeemable investments or mutual funds.
Taxes are withheld at source from all RRSP withdrawals.
Find out more
Read the Manage your retirement income section.
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