Supported account transfers

At Common Wealth, we support transfers for most registered account types from other Canadian financial institutions. Some transfers can be started directly from the app, while others require a quick heads-up to our support team so we can help get things set up correctly on our end.

Accounts you can transfer directly in the app

You can start a transfer for the following account types right from the Common Wealth app or web portal:

• RRSP (Registered Retirement Savings Plan)
• TFSA (Tax-Free Savings Account)
• RRIF (Registered Retirement Income Fund)

Accounts that require a quick note to our support team

The account types below are also eligible for transfer, but they need a little extra coordination on our end. Here's how to get started:

• LIRA (Locked-In Retirement Account) — start an RRSP transfer in the app, then contact our support team to let us know it's actually a LIRA. 
• DPSP (Deferred Profit Sharing Plan) — start an RRSP transfer in the app, then contact our support team to let us know it's actually a DPSP. 
• Pension — start an RRSP transfer in the app, then contact our support team to let us know it's a pension transfer. 
• LIF (Life Income Fund) — start a RRIF transfer in the app, then contact our support team to let us know it's actually a LIF.

Once you've let us know, we'll update your transfer request on the backend to reflect the correct account type — no need to start over or fill out anything new.

Accounts we don't currently support

At this time, we're not able to accept transfers for the following account types:

• Spousal RRSPs and Spousal RRIFs 
• FHSA (First Home Savings Account) 
• RESP (Registered Education Savings Plan) 
• Individual non-registered accounts