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Registered plan withdrawals
Find the right withdrawal information for your account.
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Need to access funds from your Outlook Financial registered plans? Whether you’re taking money from your RRSP, making a withdrawal from your TFSA or FHSA, or requesting an extra RRIF payment, here’s what you need to know.
Each registered plan follows specific Canada Revenue Agency (CRA) rules, so review the information on the following pages to understand how withdrawals work before submitting your request.
Choose the plan type you'd like to make a withdrawal from
TFSA withdrawal
Make a TFSA withdrawal anytime without paying tax on the principal, interest or investment gains. TFSA withdrawals create additional contribution room in the following calendar year, offering flexible access to tax-free savings.
FHSA withdrawal
Withdraw funds from your FHSA. Qualifying FHSA withdrawals are tax‑free and support first‑time homebuyers when used to purchase or build a first home, while non‑qualifying withdrawals are fully taxable.
RRSP withdrawal
Access funds from your Registered Retirement Savings Plan (RRSP) Savings Account before retirement, or access funds under the RRSP Lifelong Learning Plan or Home Buyers’ Plan. Early RRSP withdrawals are subject to withholding tax, while LLP and HBP withdrawals follow special CRA rules that allow qualifying tax-deferred access.
RRIF withdrawal
Request an extra withdrawal from your RRIF, above your minimum required amount or your existing scheduled withdrawal instructions. Extra RRIF withdrawals are taxable and can help supplement your retirement income when you need additional funds.