RRSP Withdrawals FAQs

Questions on Withdrawing? Investing for me can answer ones lke these and more. Is there a limit to the amount I can withdraw from my RRSP? How much withholding tax will my RRSP administrator deduct from my withdrawal?

• How much income tax will I have to pay?
• Is there a limit to the amount I can withdraw from my RRSP?
• How much withholding tax will my RRSP administrator deduct from my withdrawal?
• How is my RRSP withdrawal recorded in my income tax return?
• After I have made a withdrawal from my RRSP can I re-contribute the amount withdrawn in the future?
• I am the annuitant of a Spousal RRSP. Can I withdraw funds from my Spousal Plan?
• Are there any exceptions to the attribution rules for withdrawals from a Spousal RRSP?
• I contribute to a Spousal RRSP for my spouse. Can I withdraw some of my contributions from the Spousal account?
• I can make an RRSP contribution in kind. Can I also make an in kind withdrawal from my RRSP?