A MoneySense reader wants input on the tax implications of her investment withdrawals, but she can’t get a straight answer ...

Looking for the best RRSP rates in Canada? Learn how you can guide your clients to smarter savings and stronger long-term ...

Contrary to popular belief, you can withdraw from your RRSP anytime. However, just because you can, doesn’t mean you should. Early withdrawals can have significant tax consequences and affect ...

For example, assuming you contributed the maximum RRSP amount in the 2022 tax year, and you make $65,000 per year, you would be able to contribute approximately $11,700 for the 2023 tax year.

If you are a U.S. tax resident, there will be tax implications– and potential credits– for withdrawing money from an RRSP and transferring it to a U.S. retirement or taxable account.

I am a widower, turning 71 before the end of the year. I have annual gross income of about $50,000, cash savings of about $500,000 left from the sale of my principal residence and an RRSP of about ...

The RRSP withholding tax rate depends on the province where you reside and the amount you take out. The current tax rates on RRSP withdrawals are: 10% on withdrawals up to $5,000 (5% in Quebec).

TD Canada Trust quietly announced it will double its Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account ...

RRSP assets can transfer from one institution to another without triggering any tax consequences, says David Burnie, certified financial planner (CFP) and partner at Ryan Lamontagne Inc. in Ottawa.

In the event of separation or divorce, the assets held in a spousal RRSP can be divided between the spouses as part of the settlement without immediate tax implications, under certain conditions.

An RBC RRSP can be used to set money aside for retirement and derive tax benefits. RBC’s RRSPs come with digital tools and human advisors, if needed.