At the end of the year in which you turn 71, you must transfer your RRSP into one of the following:
If you do not transfer your RRSP, the entire amount could become taxable.
These are some considerations for retiring your Registered Retirement Saving Plan (RRSP) before it matures.
Let's talk about building your Estate Plan
Contact Us
Chartered Professional Accountants LLP
Please send eTransfers to
etransfer@zenally.cpa
All personal customer and business information submitted through this website will be held confidential. Privacy Policy
ZENALLY
Chartered Professional Accountants LLP
Copyright 2024 All Rights Reserved
DISCLAIMER: Any accounting, business, or tax advice contained on this website is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion.
If you are interested in talking more about any topic on our website or specifically how the information would likely impact you, we'd be happy to chat.