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Is it a good idea to withdraw from your RRSP?

13 July 2020
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This could result in a higher payment amount.<\\/li>\\n<\\/ul>\\n<p>The request to defer a payment or extend a deferral must be made no later than<b>&nbsp;September 30, 2020<\\/b>.<br>\\n<\\/p>\\n<p><a href=\\\"https://www.nbc.ca/personal/covid-19/support-measures.html#deferral-mortage\\\">See all details<\\/a><\\/p>\\n<p>&nbsp;<\\/p>\\n<p>&nbsp;<\\/p>\\n\",\"question\":\"COVID-19 :  How does a mortgage payment deferral work?\",\"complex\":\"false\",\"id\":\"/content/bnc/en/accueil/particuliers/faq-general/covid-19-comment-fonctionne-le-report-de-versement-hypothecaire\",\"cleanAnswer\":\"This support measure allows you to postpone your payments (principal and interest) to give you a financial break.&nbsp;You can&nbsp;apply online&nbsp;for a period of up to 3 months.\\nSince you don\\u2019t make mortgage payments during the deferral period, your loan balance is paid more slowly than expected, which will result in additional interest charges. 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Here are <a href=\\\"https://www.nbc.ca/personal/notice.html#section4\\\">some tips<\\/a> to help you.&nbsp;<\\/p>\\n\",\"question\":\"COVID-19 : How to proceed if I have loan or payment insurance?\",\"complex\":\"false\",\"id\":\"/content/bnc/en/accueil/particuliers/faq-general/covid-19-comment-proceder-assurance-pret-ou-paiement\",\"cleanAnswer\":\"We understand you have many questions about your loan insurance and credit card payment insurance. Here are some tips to help you.&nbsp;\\n\",\"boostKeywords\":[\"covid, covid-19, coronavirus\"],\"url\":\"https://www.nbc.ca/personal/faq-general/covid-19-how-to-proceed-if-i-have-loan-or-payment-insurance.html\"}],\"displayFloatingMenu\":false}"}},"resourceType":"web-sites-react/components/floating-menu","path":"/content/bnc/en/jcr:content/ws_layout_footer/footer/floating_menu","wcmmode":"disabled"}