Withdrawing from RRSP

I think I remember something on income tax returns that if you owe less that $1 or your refund is less that $1, the government doesn't bother with it. I think if there is any tax owing or penalty in this situation, it would be like 1 or 2 cents?

eogan116 wrote: ↑ I have a Questrade RRSP account (invested in stocks) that has $0.10 in cash leftover. It's just sitting there. If I withdraw it into my bank account, would this be counted as a RRSP withdrawal, accruing tax penalties (and I'm well under retirement age)?

Your problem is not so much the tiny tax amount (which would apply), but $50 deregistration fee that Questrade charges for a full or partial RRSP withdrawal. That's quite a common fee for other brokers, too.
You definitely wouldn't get any money at the end, and possibly (unlikely) owe them - depending on what the legal agreements say.

If you already have a RRIF account with Questrade, you could try transferring the money there. If not, no point opening a new RRIF for this (it requires $1000 funding from an RRSP anyway). Just forget this account. Or maybe ask Questrade if you can forfeit the balance and close the account.

Just leave the .10 cents with questrade. Withholding tax is 10% . I don’t know how much questrade will charge the withdrawal fee.

I think the OP's RRSP is fully invested into stocks and he has 0.10cents left in his account uninvested.

If thats the case just leave it there.