IBC would only facilitate an outbound transfer of registered accounts via ATON. ATON requests have to be initiated by the receiving broker electronically…

A First Home Savings Account (FHSA) is a registered account introduced in the 2023 federal budget, designed to help first-time home buyers save for a qualifying first home purchase.

Key attributes…

No, once converted to a RRIF, you cannot convert it back to an RRSP.

Important information:…

If you have an RRSP with Interactive Brokers Canada, the conversion process is automatic:

• Notification: You will receive a notification the year you turn 70 to alert you of the upcoming conversion
• Account opening: A linked RRIF account will automatically open when you reach 71 (if you do not already have one)…

To open a Registered Retirement Income Fund (RRIF or Spousal RRIF), you must meet the following requirements:

• Residency: You must be a Canadian resident
• Age: You must be at the age of majority for your province of residence…

Trading fees for RRIF accounts at Interactive Brokers Canada are straightforward:

• Commission rates: Standard Interactive Brokers commission rates apply to all trades within your RRIF account
• RRIF-specific features: There are no additional fees for RRIF-specific features…

No, you cannot directly transfer funds from your RRIF to your TFSA…

To be eligible to open a FSHA, you most be a Canadian individual resident between 18 (or age of majority in your province) to 68 years old and must be a first time home buyer. Please click here…

Trading on margin is not permitted in a Future House Saving Account (FHSA) with all purchases paid in full in respective currencies. Accounts are restricted to cash balances in CAD and USD and currency trades are allowed between USD and CAD.

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Yes, you can transfer funds into or out of your RRIF through various methods:

Standard transfers:…

Your maximum participation period begins when you open your first FHSA and ends on December 31 of the year in which the earliest of the following events occur

• The 15th anniversary of opening your first FHSA;
• You turn 71 years of age;
• The year following your first…

A Registered Retirement Income Fund (RRIF or Spousal RRIF) is a tax-advantaged retirement account designed to provide you with income during retirement. It is the natural continuation of your RRSP when you turn 71.

Key features of a RRIF include:…

Canadian Revenue Agency ("CRA") regulations place restrictions upon the types of positions that may be held in RSP/TFSA/FHSA/RRIF accounts with eligibility limited to those meeting the definition of a "Qualified Investment". Positions held in such accounts that do not meet this definition are referred to as "Non-Qualified Investments" and are subject to a CRA tax equal to 50% of the fair market value of the property at the time it was acquired or it became Non-Qualified…

Your RRIF withdrawals are reported to the Canada Revenue Agency on a T4RIF tax slip.

Important information:…

Starting the year after you open your RRIF, you must withdraw a required minimum amount each year. The amount of the minimum required payment is based on your listed date of birth (or your spouse's age if elected) on January 1.

Minimum withdrawal calculation:…