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.
Visit the Canada Revenue AgencyAttention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, ce lien ouvrira un nouvel onglet.Attention, this link will open a new tab.Attention, this link will open a new tab.website.
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
The FlexiFonds offering is the logical extension of your Fonds experience
It's possible to stay invested in the Fonds family with the FlexiFonds offering. It offers Fonds savers a variety of savings vehicles and products tailored to various investor profiles and savings goals.
Want more information about the RRIF?
Give us a call, and let's talk about your plan!
Monday to Friday, 8:30 a.m. to 5 p.m.
All the information and data provided on this site are for information purposes only and are not intended to provide advice on your personal investment situation or investment, financial, legal, accounting or tax recommendations based on a specific personal situation. Although they are deemed reliable, no representation or warranty, express or implied, is made as to the accuracy, quality or completeness of this information and data. The opinions expressed should not be construed as a solicitation or offer to purchase or sell the units referred to herein and should not be viewed as a recommendation. We recommend you consult your legal advisor.
FlexiFonds de solidarité FTQ Inc.
The FlexiFonds are distributed solely in Québec by FlexiFonds de solidarité FTQ Inc. a mutual fund dealer wholly owned by the Fonds de solidarité FTQ. FlexiFonds de solidarité FTQ inc. does not distribute any other mutual funds. Please consult your advisor and read the prospectus and fund facts before making an investment. The FlexiFonds are not insured by the Canada Deposit Insurance Corporation or any other government deposit insurer or by the Autorité des marchés financiers. The mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
FlexiFonds, FlexiFonds Conservative, FlexiFonds Balanced and FlexiFonds Growth and the other trademarks displayed on this site are registered trademarks of the Fonds de solidarité FTQ. Other companies' trademarks are used with permission or under license. All rights reserved. Trademark references on this site should not be construed as an implied authorization to use such trademarks.
Access and site availability