Learn how to submit the request to transfer funds from an Registered Retirement Savings Plan (RRSP) to a Registered Retirement Income Fund (RIF) or another RRSP
RRSP to RRSP
You can only transfer funds from an RRSP to another RRSP if the annuitant/ primary account holders are same.
When to roll over an RRSP to a RIF?
You must convert a RRSP to a retirement income option such as a RRIF by December 31 of the year that you turn 71.
How to submit the request.
From the client's contact record, start by navigating into the Servicing (Service Request) tab, which is found in the middle panel of the contact record.
Then click on Cash and Security Management.
Step 1:
- Select Transfer.
Step 2:
- Choose Cash Transfer if you would like the transfer to be done In-Cash
- Choose Securities Transfer if you would like the transfer to be done In-Kind
Step 3:
- Select the RRSP account
Step 4:
- Select the RIF or the receiving RRSP account
Step 5:
- Specify the Amount Type and Source of funds.
- Amount types: Full or Partial?
- Source of funds: Model or All?
Step 6:
- Review the request and confirm all the details.
- Enter the Dollar Amount to be transferred
- Press submit
