If you repay earlier

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https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/lifelong-learning-plan/repayments-your-rrsp-under/you-repay-earlier.html

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If you want to repay earlier

Any payments you make before the first repayment year reduce your first required repayment. For example, if your first repayment year is 2022 and $1,000 is your required repayment and you make an early repayment of $600 in 2021, your required repayment for 2022 is $400.

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Date modified:
2021-12-13