How do I transfer in my existing TFSA, RRSP, RRIF or DPSP funds to Common Wealth?
For TFSA/RRSP/RRIF funds, log into your account and initiate the transfer-in process by clicking on "Add more funds" on the member dashboard. Choose the type of funds you're transferring and enter the information for the financial institution.
Our team will take care of the rest. You will receive an automated system message to let you know when the funds have been deposited. You will be able to view your details under “My Plan” and “My Contributions”.
To transfer in DPSP funds, please contact our Customer Success team by clicking on the "Submit a request" button at the top of this page.
A transfer of your TFSA, RRSP or DPSP from another financial institution does not affect your TFSA or RRSP contribution limit.
After you’ve completed your transfer-in, make sure to reduce your “Other savings” amount in your account so that your retirement plan reflects this new information.