People continue to ask us about transfering their RDSP to another financial institution. We provided an update in January and promised to post the “transfer form” when it became available.
The transfer form was completed in May – one of our trusty bloggers dug it up for us – THANKS!! We’ve attached them – English and French – for the rest of you.
Here’s what’s posted on HRSDC’s site:
“You can transfer an existing Registered Disability Savings Plan (RDSP) to a different participating Financial Organization by completing the necessary documents. Because a beneficiary cannot have more than one RDSP, a transfer request must be completed to move a plan from one financial organization to another. The transfer must be for the full amount existing in the plan. Partial amounts cannot be transferred. The holder of the plan must initiate the transfer and have the required form completed by both financial organizations.”
Let us know if you continue to have difficulties instigating transfers, run into transfer fees or other barriers.