Skip Header Navigation
[an error occurred while processing this directive]

[an error occurred while processing this directive]

Emergencies

Your RRSP holdings can be used to cover an emergency situation. However, there is a tax consequence to doing so and an impact on your retirement plan. Any withdrawal is considered taxable income for the year and a withholding tax will be charged upfront when you withdraw the funds.


 
Get a Head Start on Your Retirement Try the RSP-Matic® calculator to see how much your money will grow, if you start now vs. starting later. Get Started >