Can You Transfer Your RRSP from One Institution to Another?

Yes you can, but be aware that in order to transfer an RRSP account without triggering any taxes, the transfer must be made payable to the new institution in trust for you. Your new RRSP issuer arranges the transfer.

Between self-directed plans, you can transfer existing investments “in kind.” The trustee of your present RRSP may charge a nominal fee against your RRSP for the administrative work involved in the transfer.

Information for Tax Tips is provided as a public service by the Chartered Accountants of British Columbia.