Skip to content

Find a question

Can’t find what you’re looking for? Ask us a new question!

Can I withdraw funds from my RRIF in the year it was opened?



Our response:

You are not required to make a withdrawal from your Registered Retirement Income Fund (RRIF) until the year after you open it. However, you can make withdrawals in the year you open a RRIF but all withdrawals are fully taxable as income in the year you withdraw them. Learn more about RRIFs.

We are not able to provide advice. Speak to your registered financial advisor to learn more about making withdrawals from your RRIF, including withholding tax on withdrawals.

Can’t find what you’re looking for?

Copy the URL to share:

  Share the site: