Cash contributions
For cash contributions to your RRSP or TFSA from your linked bank account or Scotia iTRADE non-registered account:
- Go to the Transfer tab and select the Transfer Funds page
- Choose an account to transfer "From"
- Select your RRSP or TFSA account as the “To” account
- Enter a $ amount
- Click “Continue”
- Verify your instruction and click “Confirm” to submit your request
In-kind contributions1, 2
For in-kind contributions (i.e. mutual fund or stock positions contributed as is) to your RRSP or TFSA from your Scotia iTRADE non-registered cash account:
- Go to the Account Details page under the Accounts tab
- Select your Scotia iTRADE non-registered cash account and then select the Additional Services tab
- Select the “Transfer Securities and Funds Between Accounts” service
- Follow the instructions to transfer Equities and Mutual Funds from your cash account to your TFSA or RRSP.
Cash de-registrations/withdrawals
For RRSP de-registrations or TFSA withdrawals to your linked bank account or Scotia iTRADE non-registered account:
- Go to the Transfer Tab and select the Registered Withdrawals page
- Select your RRSP or TFSA account in the “From” section
- Select your linked bank account or Scotia iTRADE non-registered account in the “To” section
- Indicate whether the request is “Partial” or “Full”
- For RRSP de-registrations only, select the “Withdrawal Type” to indicate how you would like the fees and taxes handled and select “Calculate”
- Select “Preview” to review your request and click “Confirm” to submit
You should be aware that a de-registration of, and withdrawal from, your RRSP will generally be subject to tax in the year of de-registration/withdrawal. You should consult your tax advisor to ensure that you understand the tax implications to you of a de-registration, or withdrawal from, your RRSP or TFSA.
In-kind de-registrations2/withdrawals
For in-kind RRSP de-registrations or TFSA withdrawals (i.e. stock positions withdrawn as is) from your RRSP or TFSA to your Scotia iTRADE non-registered account:
- Go to the Account Details page under the Accounts tab
- Select your RRSP or TFSA account and then select the Additional Services tab
- Select the “Transfer Securities and Funds Between Accounts” service
- Complete the required information, including your name, stock position details and finally the Scotia iTRADE non registered account you want the position moved to.
Please note; you may specify a current day traded price for the de-registration or withdrawal. If you do not specify a current day traded price, or if your request is made on a day the market is not open, the default value for the de-registration or withdrawal will be the previous day’s last sale price. - Click “Submit” to have your request processed
You should be aware that a de-registration of, and withdrawal from, your RSP will generally be subject to tax in the year of de-registration/withdrawal. You should consult your tax advisor to ensure that you understand the tax implications to you of a de-registration, or withdrawal from, your RSP or TFSA.
Please note that your transactions may take up to 3 business days to be reflected in your account(s) from the day the request has been submitted.
In-kind contributions can consist of a transfer of bonds, stocks, and mutual funds.
For in-kind TFSA or registered account contributions and in-kind de-registrations, please contact our Customer Service line at 1-888-TRADE88 (1-888-872-3388).