Using data from Statistics Canada, Global News did some digging in order to answer the question: Are more Canadians cashing out their RRSPs early? The answer is a decided yes.
According to the article on GlobalNews.ca:
The biggest increase was from 2007 to 2009, when 1.86 million Canadians took out RRSP cash early. That figure dipped slightly by 2012, to 1.82 across Canada, but remains about 7 per cent above 2007 levels nationally, 12 per cent above 2007 levels in Quebec and almost 10 per cent above in comparatively wealthy Alberta.
These infographics tell the story. Although it isn’t … Continue reading