Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan. However, you generally have to pay tax when you cash in, make withdrawals, or receive payments from the plan.
See Also
Can a Canadian Living and Working in the U.S. Contribute to an RRSP?Types of investments - Canada.caLeaving Canada (emigrants) - Canada.caWhat is the 50/30/20 Budget Rule?If you own locked-in RRSPs, generally you will not be allowed to withdraw funds from them. If you do not know if your RRSPs are locked in, contact your RRSP issuer. If your RRSPs are not locked in, you can withdraw funds at any time.
Note
If you directly transfer funds from one RRSP to another, we consider this to be a transfer of funds, not a withdrawal. For more information, see Transferring.
