Your investing questions, our clear answers.

Our response:

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.