Switching RRSP account from one bank to another


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Cougar   
Member since: Mar 09
Posts: 89
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Post ID: #PID Posted on: 24-08-09 16:53:31

If one has multiple RRSP accounts in multiple banks and the intent now is to consolidate them all with one bank - is this even doable ? lets say i have RRSP with CIBC, TD and RBC and now i am thinking of having them all go into TD for that matter - how can we do that without deeming this as pulling money from RRSP ? Any experience on this matter is greatly appreciated.



ash_canada   
Member since: Jan 07
Posts: 121
Location:

Post ID: #PID Posted on: 24-08-09 19:04:50

You can do that by submitting a transfer form. that's a pretty standard procedure.

however, watch out for any transfer fees from the banks. They can be substantial (100-200$)

Ash





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