Join now

RRSP interesting for temporary expats? (Montréal)

I wondered if anyone here - especially from Europe - got some information on what the exact consequences are of paying into a RRSP in Quebec/Canada AND then leaving the country at any point?

I was told that I'd have to cash-in and pay all taxes, i.e. I can't keep it in a frozen state or transfer it to my home country, Germany, with any tax-free or other preferable options.

On the other hand a French colleage told me that he got an option to transfer to France. (Maybe because there's a treaty between Quebec and France?)

...meanwhile I'll contact some authorities to find out more. :)

Montréal Forum

Our Global Partners