Can I transfer RRSP funds to another financial institution without penalty?
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Our response:
You can transfer cash and investments between RRSPs you hold at the same or different financial institutions. It may be wise to verify with both institutions if there are transaction fees.
The RRSP hub on GetSmarterAboutMoney.ca may help build your knowledge in this area. Consider speaking with a registered financial representative or tax professional for further investment advice.