RSP Account Fees/Maintenance Fee
Customers with an RSP account will be responsible for an additional 12.50 CAD quarterly fee, on top of the regular monthly fee charged for non-RSP account. This fee is charged to the account at the beginning of each calendar quarter. The fees will be prorated upon account creation.
For example, if a customer opens an RSP account on 2014-11-07, the fees will be:
Withdrawal (De-registration) Fee
50 CAD for each withdrawal.
Initial RSP Account Funding and Required Minimum
10k USD equivalent. RSP account must be funded with CAD.
Existing RSP account held with a third party broker can be transferred into IB using ATON.
Opening your RSP Account
Existing eligible IB customers may open the RSP account as a linked account from Account Management. Under the heading of Manage Account, Add or Link Accounts, Create Linked Accounts, and select RSP/Spousal RSP as account type.
New customers may open RSP/Spousal RSP account by clicking on the Open Account icon from the main IB Canada website. Click on Start an Application and then apply under "Trust, and RSP/TFSA account" category.
A customer must be a Canadian resident in order to open an RSP or a spousal RSP account.
Age restriction for the RSP account.
19 years old under BC, NB, NS, NL
18 years old under AB, SASK, MAN, ON, QC, PEI.
The last day a customer can contribute to an RSP is December 31st of the year they turn 71.