FAQ Category: RRSP

What happens to my RRSP as I get closer to retirement?

By the end of the year you turn 71, your RRSP must be converted. You can withdraw the funds, transfer them to a RRIF for ongoing income, or purchase an annuity.

Can I transfer my RRSP to Hubert?

Yes—you can transfer an existing RRSP to Hubert. While fees from your current financial institution may apply, Hubert does not charge a fee to transfer your RRSP out in the future.

What makes Hubert RRSP and RRIF options different?

With Hubert, your retirement savings are simple and secure. There are no monthly fees or minimum balances, and all deposits are 100% guaranteed—so you can focus on growing your savings.

Is it too early or too late to start saving for retirement?

It’s never too early—or too late—to start. No matter what your future looks like, building a retirement savings plan today can help you get there with more confidence.

What is an RRSP and how does it help me save for retirement?

An RRSP (Registered Retirement Savings Plan) is a government-approved way to save for retirement. It offers tax advantages that can help your savings grow faster by deferring income tax while your money is invested.