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Lump sum withdrawal or series of withdrawals

 You must convert your RRSP into an annuity no later than December 31 of the year you turn 71.

Who should get this investment?

Retirees who:

• have not yet selected a retirement income option;
• need cash only occasionally and not on a regular basis.

You must 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.

Features

Withdrawal	Taxes are withheld at source from all RRSP withdrawals.

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