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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]

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6 votes
2 answers
2k views

Can I buy my own C-Corp through a Roth SDIRA?

Say I have a C-Corp that is holding my investments. I want to eventually cash out of my positions in the C-Corp and put the money into my Roth SDIRA LLC. Here is the plan my buddy and I have come up ...
Billybob643's user avatar
2 votes
1 answer
124 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 ...
Victor123's user avatar
  • 16k
2 votes
1 answer
301 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 ...
Slav's user avatar
  • 319
2 votes
1 answer
704 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 ...
blueberryfields's user avatar
1 vote
2 answers
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.
jeff's user avatar
  • 11