Tax-Free RRSP Withdrawals

[vc_row css=”.vc_custom_1612380408194{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column][vc_video link=”” css=”.vc_custom_1633117683533{padding-top: 20px !important;padding-bottom: 20px !important;}”][vc_column_text]Are Tax-Free RRSP Withdrawals possible? Let me tell you how we are able to do this.

Last week, I was sitting down with a gentleman we’ll call John. Like many Canadians, John had buyers remorse regarding his RRSPs. When he went to make a withdrawal, he realized that withdrawal would be 100% taxable!

“Had I known I’d be taxed so much, I would have never bought them in the first place!”

Once I understood John’s situation and goals, we reviewed multiple ways to draw on his RRSPs without affecting his tax return.

This video explains one of the options John has to draw on his RRSPs without paying tax.

Also, be sure to check out my RRSP Tax Bomb Video 


Marc Sabourin is a Winnipeg-based Financial Advisor and Retirement Specialist with Harbourfront Wealth Management. His specialty is working with pre-retirees and retirees who are looking for retirement, investment, & tax advice. 

Disclaimer: The views expressed are those of Marc Sabourin, Certified Financial Planner, and Investment Advisor, and not necessarily those of Harbourfront Wealth Management Inc., a member of the Canadian Investor Protection Fund

20 Retirement Tips

When entering retirement or having recently retired, these 20 tips should be considered. A thorough retirement plan will touch on all 20.

Drastically change the lookout of your retirement

Get your guide below