Questions tagged [self-directed]

To be used for questions related to the self-directed RRSP [Registered Retirement Savings Plan] as applicable in Canada. This is an older program, the newer one being TFSA [Tax Free Savings Account Program]

Filter by
Sorted by
Tagged with
2
votes
1answer
256 views

Self-directed RRSP into mortgage investment

I want to lend money for second mortgages to others (through a broker). He suggested to invest the money through a self-directed RRSP. Is this a sound advice (it will lower my income tax, and ...
2
votes
1answer
109 views

Is an RRSP always “self-directed”? What makes a “self-directed” RRSP special?

Based on this definition of self directed RRSP: http://www.investopedia.com/terms/s/selfdirectedrrsp.asp It seems all RRSPs, by default, are self directed, because the 'owner determines the asset ...
1
vote
2answers
3k views

How to correctly transfer my RRSP account to a new self-directed RRSP?

I have a RRSP through Great West Life, but want to open a Self directed RRSP through CIBC. Can I transfer this GWL RRSP to a CIBC self directed. If so how to do it.
2
votes
1answer
691 views

Self directed RRSP - what are some good general guidelines on when to look at switching to one?

My bank is trying to sell me on switching to using a self-directed RRSP account. Right now, it doesn't make sense to me to do it, but it does look like an interesting investment option. What are some ...