If you do decide to withdraw cash from your RRSP it can be carried out very quickly, usually online. The exception would be if your RRSP is in a “Locked-in Plan” with a fixed maturity date. Other than that, once the instruction has been given to your RRSP provider, the money, net of withholding tax will be paid within days. Good to know Bear in mind that the entire withdrawal must be declared as income in the year it is drawn.