Quote:
Originally Posted by yads
You can have the securities transferred in kind to whichever institution you want. There is typically a transfer charge of around $150. You do not have to withdraw.
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The new institution needs to be able to hold the securities you are transferring (ie. you couldnt transfer stocks from an rrsp at a broker to an rrsp at the bank.) Also, you probably cant transfer a royal bank gic to cibc. Youd have to wait for the gic to mature and then transfer the cash or pay a penalty to cash out early then transfer.