Can I use my RRSP+ if I retire early?

Yes. You can submit a request to redeem your RRSP from the time you turn 45 years of age, if you meet certain conditions.

To redeem your RRSP+ starting at 45 years of age, you must have taken or be set to take early retirement under your employer’s registered pension plan within three months of the request.

Moreover, under the Act respecting the Québec Pension Plan, estimated earned income for the 12-month period following the beginning of retirement will not exceed 25% of the maximum pensionable earnings set for the year.

Requirements:

The shareholder must be at least 45 years of age and have taken or be set to take early retirement under the employer’s registered pension plan within three months of the request

AND

their estimated earned income for the 12-month period following the beginning of their retirement will not exceed 25% of the maximum pensionable earnings set for the year of the application under the Act respecting the Québec Pension Plan.

Document required:

The Fonds de solidarité FTQ form containing a section “Shareholder’s Solemn Declaration” stating that the shareholders estimated earned income for the 12 months following the day of the application will not exceed 25% of the maximum pensionable earnings set for the year of the application under the Act respecting the Québec Pension Plan.

AND

a copy of one of the following documents confirming the retirement:

  • employer’s declaration confirming the shareholder’s retirement along with a copy of the text of the employer’s registered pension plan;
  • payment of retirement benefits such as a pension cheque, Relevé 2 or T4A.

Eligible shares:

All shares held for at least 730 days.

Do you have a more questions?

Our agents will be pleased to answer any questions you may have at:

1 800 567-3663
Legal Notes

Please read the prospectus before buying Fonds de solidarité FTQ shares. Copies of the prospectus may be obtained on the fondsftq.com website, from a local representative or at the offices of the Fonds de solidarité FTQ. The shares of the Fonds de solidarité FTQ are not guaranteed, their value changes and past performance may not be repeated.
Prospectus En ( 883 Kb )