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Our response:

While you can make contributions to your Registered Retirement Savings Plan (RRSP) up to a certain deadline in the new year to count toward your previous years’ contributions, withdrawals do not work in the same way. Withdrawals made from January 1, 2018 would count toward your 2018 income.

You will receive a tax receipt for RRSP withdrawals made during the calendar year. The withdrawals are taxed as income in the calendar year you make the withdrawal.

Speak to a registered financial advisor or tax professional to learn about how your RRSP withdrawals will be taxed. Learn more about RRSPs.