There is no set-up fee for most RRIFs, but you may pay other fees once you open a plan. These fees may include an annual administrative or trustee fee, investment fees and fees for making changes to your RRIF. Fees vary depending on:
- where you open your RRIF
- the type of RRIF you hold
- the amount of money in your RRIF
- how you invest your money
- the level of management you want.
Speak to a financial advisor and both financial institutions to understand the fees you may pay to transfer your RRIF. Learn more about RRIF fees.