How to file your taxes when you own ETFs Dec 19th
Making sense of the markets this week: March 24, 2024 Mar 22nd
How are bonuses taxed in Canada? + MORE Jan 16th
This Week’s Top Stories: Canadian Real Estate Sellers Surge, and Bad News For Mortgage Rates - Better Dwelling Apr 14th
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide Apr 9th
I have been with the same employer for nearly 20 years and have participated in the company’s DC RPP for nearly that whole time.
A few years back I consolidated the majority of my different investment accounts—RRSP, TFSA and unregistered—by moving them all to a discount brokerage. While I have no plans to leave my employer, I’d love to find a way to move the RPP funds to save on the fees. I’m looking to maintain the nature of the RPP but move it out into the discount brokerage so that I can take the MER from 1% or more down to 0.2% and save myself a few thousand dollars a year in fees.
—Shawn
It sounds like you are embracing do-it-yourself (DIY) investing, Shawn. It is not for everyone but is easier and more accessible now than ever. Saving on fees is a benefit. There are risks, though, like improper diversification, impulsive buying or selling, and not understanding a particular investment or product.
You can make transfers between retirement accounts on a tax-deferred basis by completing paperwork at the receiving institution…
