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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
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Accepted Solutions
fuzzy
New Member

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

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

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1 Reply
fuzzy
New Member

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

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