RRSPs

Tracie and I decided that we are going to take out her RRSPs from the bank. She telephoned in to inquire how this was done. The fellow on the phone really didn't want her to close her RRSP account. He kept offering solutions to how she could get the money and then pay it back over the next 5 years to avoid incurring the tax wrath of the CCRA. (the Canadian IRS) She said, but I'm not going to have to pay taxes, I'm not making enough money. He suggested that she leave some of the money in the account just to keep it open. That way when she is working full time again, she won't have to fill out all those forms again. She said, "It was only one form, besides if it's that bad, you people should make the forms more user friendly." He continued his attempt to persuade her not to close her account, but finally she just said, "You know how there are no stupid questions?" He said, "Yes." She said, "Well there are stupid reasons for me to keep the account open. I just want to get my money." Apparently he could have transferred her to someone who could do an electronic transfer to our account, but we will just be taking a void check into our branch for them to do the deposit for us.

-Gary Milner, still glad not to be a banker