Bqurious Posted March 10 Report Share Posted March 10 I have two very old LRSP and RRSP accounts that lost money over 20 years ago. How do I close the accounts? I have never made an LRSP or RRSP withdrawal before so any guidance is appreciated and tax related tips too. Do I simply withdraw the value of the accounts and declare the value? Do I declare the amount contributed to each and the value withdrawn to close them? Perhaps that will be on the withdrawal statement from the financial institution. Whatever the value I assume I pay taxes on it. Thanks for your help. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted March 11 Report Share Posted March 11 Hello Bqurious, The COMMUNITY forum can not provide tax advice or tips. Please contact the CRA. To contact CRA : 1-800-959-8281 for inquiries related to individuals. Telephone numbers – Canada Revenue Agency / CRA wait times: https://www.canada.ca/en/revenue-agency/corporate/contact-information/telephone-numbers.html Quote Link to comment Share on other sites More sharing options...
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