Convert Fund to Registered Fund tax implications
I've got an ING Fund with a really small amount of money.
I was wondering if I convert that fund to an RRSP Fund if such operation would have tax consequences?
Reasoning:
->Is it considered like "complete withdrawal" and then RRSP creation? (it is not 100% what I'll do since I'll call them to perform this operation)
->Is it considered like I've had no gain/lose and just moved to RRSP? (doesn't sound right since I've put a number and now the fund fluctuated and I've got a different number)
How is such operation considered/treated?
I was wondering if I convert that fund to an RRSP Fund if such operation would have tax consequences?
Reasoning:
->Is it considered like "complete withdrawal" and then RRSP creation? (it is not 100% what I'll do since I'll call them to perform this operation)
->Is it considered like I've had no gain/lose and just moved to RRSP? (doesn't sound right since I've put a number and now the fund fluctuated and I've got a different number)
How is such operation considered/treated?