I can make an RRSP contribution in kind. Can I also make an in kind withdrawal from my RRSP?
As with an in kind contribution, if you hold your Self-Directed RRSP account and a non-registered account with the same financial institution, you should be able to make an in kind withdrawal from your RRSP account. First check with your financial institution to ensure they have the ability to do in kind transactions. You must also ensure that your RRSP account holds sufficient cash to pay the withholding tax and any associated fees.
Related Questions
- How much income tax will I have to pay?
- Is there a limit to the amount I can withdraw from my RRSP?
- How much withholding tax will my RRSP administrator deduct from my withdrawal?
- How is my RRSP withdrawal recorded in my income tax return?
- After I have made a withdrawal from my RRSP can I re-contribute the amount withdrawn in the future?
- I am the annuitant of a Spousal RRSP. Can I withdraw funds from my Spousal Plan?
- Are there any exceptions to the attribution rules for withdrawals from a Spousal RRSP?
- I contribute to a Spousal RRSP for my spouse. Can I withdraw some of my contributions from the Spousal account?