I have a DPSP with my employer and I have maximized my RSP.
What happens if my employment ends? I've seen a few things on Google which say that the whole amount becomes taxable income at your marginal rate and yet another site said that you can take the money out over a period of 10 years.
Would anyone know what is correct and would you have any links to some reliable sites that can describe the options in full.
Thank you
What happens if my employment ends? I've seen a few things on Google which say that the whole amount becomes taxable income at your marginal rate and yet another site said that you can take the money out over a period of 10 years.
Would anyone know what is correct and would you have any links to some reliable sites that can describe the options in full.
Thank you