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Can I purchase SaskWorks shares using money I already have in an RRSP?

April 26, 2017money purchase RRSP saskworks Shares

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Can I purchase SaskWorks shares using money I already have in an RRSP?

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Yes, as long as you use the portion of your existing RRSP funds that represents your contributions (versus income or capital gains), you can switch into SaskWorks Venture Fund by selling existing RRSP holdings, and receive a 35 percent tax credit on the amount of the switch.