can I have more then one RRSP account?

Jump to Page:
< Previous [ 1 ] Next >

Azeem11
Member since: Apr 10

Posts: 22
Location:
Post ID: #PID

Posted on: 27-04-10 21:45:42

Hi there,

I have 2 questions here I hope I will get a reply on atleast one.
I have a current RRSP that I am contributing on my own for the last 2 years. My current company has invited me to open an RRSP account with one of the financial institutions they work with and they will contribute as well.

My question is can I contribute to 2 RRSP plans? Can I transfer my current RRSP to the one my company will contribute to.

Also I have another account which is now LIRA which I have some money in. I am resident in Ontario and I would like to know when I will be able to access this amount? Also can I transfer this amount to the financial institute which my current company advised to open RRSP with.

Sorry if I am not clear on my questions.

Regards, Azeem

rsbagwell
Member since: Jul 08

Posts: 211
Location: Brampton
Post ID: #PID

Posted on: 27-04-10 23:18:58

Azeem,
Yes you can have two RRSP accounts with different institutions. Just make sure you are not contributing over the limit as set by CRA. You can also transfer money from one account to another. There will be some admin/transfer charges.

For your second question please visit
http://www.fsco.gov.on.ca/ENGLISH/pensions/locked-inaccountchanges.asp#overview

Azeem11
Member since: Apr 10

Posts: 22
Location:
Post ID: #PID

Posted on: 28-04-10 21:31:50

Thank you for your response .

Azeem

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: can I have more then one RRSP account?
	Topic	Forum	Views	Replies
	RRSP ( 1 2 )	Accounting and Taxation	2154	7
	Sticky: RRSP 101 (All RSP questions answered) ( 1 2 3 ... Last ) Tax benefits for Canadian Residents	Financial Planning	129763	121
	Re: Question about RRSP ( 1 2 3 )	Financial Planning	5205	17
	Question about Spousal RRSP and HBP	Accounting and Taxation	3722	3
	spouser RRSP verses Own RRSP	Financial Planning	2138	3
	Details about RRSP & Comparison with 401K plan	Accounting and Taxation	1724	1
	What if you contribute more than your RRSP contribution limit	Accounting and Taxation	1995	4
	Maximise RRSP contribution??? ( 1 2 )	Financial Planning	2730	8
	Foreign Content in RRSP	Accounting and Taxation	1757	2
	RRSP withdraw without physical presence ( 1 2 )	Financial Planning	5110	10
	Spousal RRSP withdrawal under HBP	Accounting and Taxation	1785	2
	RRSP Question.. Please Reply	Financial Planning	4882	6
	RRSP and RESP -- Can i contribute ?	Financial Planning	1744	2
	earning 32K , is it good to open RRSP ( 1 2 )	Financial Planning	3890	12
	RRSP - Jan to Dec Schedule	Financial Planning	2091	3
	Should i contribute to my or my wife's RRSP (long term planning)	Accounting and Taxation	1734	4
	RRSP contribution	Financial Planning	1536	2
	Locked in - Company Match RRSP !	Financial Planning	1708	2
	can I have more then one RRSP account?	Accounting and Taxation	2372	2
	Spouse RRSP ( 1 2 )	Financial Planning	5413	13
	Secure LOC - should i get it.	Financial Planning	1758	0
	RRSP contribution and panelty	Accounting and Taxation	2001	5
	RRSP questions from a new immgrant ( 1 2 )	Financial Planning	5330	7
	RRSP Question	Financial Planning	1604	1
	Spousal RRSP and HBP	Accounting and Taxation	1893	3

Charcha

can I have more then one RRSP account?

Discussions similar to: can I have more then one RRSP account?