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How long does it take to cash in an RRSP?

SENSEi

TRIBE Promoter
Are you cashing them out, or buying a house?
You will have to pay tax on them if you are cashing them out.

If it is held in Mutual Funds, then a day or 2.
 

The Tesseract

TRIBE Member
If you're not liking the results, you can cash out and switch to another RRSP management service.

I think i might do that myself. CIBC is not doing fuck all for me.
 

Zorro

TRIBE Member
Originally posted by The Tesseract
CIBC is not doing fuck all for me.
Did you look into what CIBC is investing in?
A childhood friend who's involved in this stuff once told me that they invest in large companies that exploit those less fortunate.
I understand to some this doesn’t mean much but it is pause for thought.
 

LivingRoomPornstar

TRIBE Member
I wouldn't hold on to it too much longer defazman. $400 gold prices are not going to last that much longer.

James, it will depend on the type of investment its in. Talk to your bank.

Dan
 

The Tesseract

TRIBE Member
Originally posted by Zorro
Did you look into what CIBC is investing in?
A childhood friend who's involved in this stuff once told me that they invest in large companies that exploit those less fortunate.
I understand to some this doesn’t mean much but it is pause for thought.
I don't care if the investments are ethical or not. I just want the investments to be good... in return. If i wanted my RRSP to be ethical, i would've invested with a different company. However, I was already with CIBC for my banking, so it was easier.

I don't care about the means, and how they are justified in the end.
 

Booty Bits

TRIBE Member
yeah james, it can be as little as 2 days or as much as 15 days, depending on the type of investment and the institution where you hold it.

i also believe that if you have it in something like a GIC RRSP at your bank branch, you might be able to walk in there and walk out with the money.
 

litespeed

Well-Known TRIBEr
depending on who you deal with you can do it as fast as 1 day.. I had someone I deal with cash out there's in 24 hours just this week. You will have to pay a penalty though.
 

PosTMOd

Well-Known TRIBEr
Originally posted by el presidente Highsteppa
cashing out. Need the money unfortunately.
Just cancel Christmas, dude.

I did it years ago, and nobody has seen a gift from me since.

CAPITALIST PIGS!
 
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