I'm almost 71. What should I do with my RRSP+?
Understanding the legal provisions
Your RRSP matures on December 31 of the year you turn 71. Do you know why?
The time has come to pay taxes
It's time to switch from savings mode to income mode. You knew one day you'd have to pay taxes on the money you've saved and which has been tax sheltered for many years.
Seeing taxes in a positive light
Taxes are more than just a remittance; they're designed to maintain solidarity and create value in Quebec. In this way, taxes serve you in the end.
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Choosing the right option
Before choosing to convert your RRSP to a RRIF* or redeem** it, you must ask yourself a few questions. Perhaps the answer is already clear for you. If it isn't, though, now's the time to give the matter some thought.
Over the years, have you accumulated a small or large portfolio?
The value of your RRSP can be a good starting point to shine light on the options available to you.
Do you need to access your savings now?
Having a bit extra available at the end of the month is always good for your finances.
Do you plan to carry out a particular project with this money?
Indulging yourself or your family with a modest lump-sum is well deserved after all these years.
**By redeeming your RRSP, you benefit immediately from all the savings accumulated in it.
Get personalized support
Choosing the right option may seem complicated. Let us guide you, so you make a choice that best suits your needs.
01 - Talk to one of our agents
02 - Receive only the forms you need
New: Stay with the Fonds beyond the RRSP!
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