Xfer my SunLife DCP to CIBC

  • Last Updated:
  • Feb 18th, 2021 7:48 pm
Nov 9, 2006
393 posts

Xfer my SunLife DCP to CIBC

I am retired ; 55 yrs old
I want to transfer my locked-in Defined Contribution Plan from SunLife to my Spousal RRSP at CIBC Investor's Edge. Is this doable?
If not, should I create a CIBC Inv Edge RRSP acct under my name and then xfer my SL balance to it? Is this doable?
If so, can I withdraw from the CIBC account and incur my current tax bracket taxes? Or is it locked-in until a certain age? How do I get the $ out?

Here is part of my SL statement:
sl rfd.png
2 replies
Deal Expert
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Dec 12, 2009
23984 posts
Transfer in kind is possible for RRSP accounts having the same owner. It is pretty straightforward. CIBC would love to see it done and they will do the heavy lifting to make it happen.
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Deal Addict
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Nov 18, 2007
3527 posts
If it is locked-in, then I would expect that the funds can only be transferred to a LIRA. I am not aware of a Spousal LIRA, so that may not be an option.


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