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When can I withdraw funds from my RRSP?

You can withdraw funds from your RRSP at any time1 and for any reason, but withdrawals are taxed. We recommend that you wait until retirement, when your income is generally lower, to start withdrawing from your RRSP.

You can also withdraw amounts from your RRSP without being taxed immediately to buy a first home through the Home Buyers' Plan (HBP) or to finance your education through the Lifelong Learning Plan (LLP).

 

Legal disclaimers

1. Subject to the terms and conditions applicable to the investments in question.

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