I transferred my RRSP from my bank (2.5% to manage a tracker!) to Questrade
The day after it transferred, the bank credited a $300 rewards payment to the now empty account.
It would cost me $45 in fees to move the $300 to Questrade
Can I just take it out in cash ?
Do I just then not claim the contribution on next years return - as if I had never contributed ?
Do I treat the money as RRSP income on my return but also claim the contribution ?
Is there any discretion for small amounts (like there is for small over contributions)
Or do I just leave it there and let them send me statements for 20years in return for 2.5% of $300 ;-)
I'm working / not retired. I don't care about splitting fractions of a % in tax advantage - I just want to not have to deal with that bank.