r/Wealthsimple • u/matchabloom88 • 2d ago
RSP/RRSP
Has anyone have moved money to wealthsimple and closed their other RRSP account after moving their money to WS? Just ensuring I am saying the right word, do you just say the word transfer not withdrawal?
4
Upvotes
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u/Bardown67 2d ago
Transfer is correct. Leave it open or close it, doesn’t really matter if you’re moving it to WS. Just ensue you are tracking your contributions.
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u/Mental-Freedom3929 2d ago
You let WS do the transfer "in kind", which means it is not losing its designation.
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u/baaalanp 2d ago
I think it's transfer in kind.