☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 1:39:02 AM

My husband transferred money from one institution to another for his RSP's does this count for "withdrawing money"?

Since it is from one RSP to another RSP I'm not sure if this counts as a withdrawal

0 1 621
1 Best answer
New Member
Oct 30, 2019 1:39:04 AM

No.  As long as the funds were directly transferred from one institution to the other, there are no tax consequences.  For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/trnsfrrng/menu-eng.html

1 Replies
New Member
Oct 30, 2019 1:39:04 AM

No.  As long as the funds were directly transferred from one institution to the other, there are no tax consequences.  For more info, please see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/trnsfrrng/menu-eng.html