Pre-authorized withdrawals

Pre-authorized withdrawals are an effective and flexible way to save, as they allow you to regularly contribute to your RRSP a fixed amount that is directly taken out of your bank account.

Features

  • You set the amount you wish to withdraw.
  • You determine the withdrawal frequency (weekly, semimonthly or monthly).
  • You may change, suspend or end your withdrawals at any time.
  • The minimum withdrawal amount is $10.

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Did you know?

By contributing only $12.15 per pay, you could accumulate $1,000 a year in your RRSP.