Transfer-In from Other Registered Plans

Canada Revenue Agency permits the transfer of funds from one registered plan to another on a tax sheltered basis within Canada.  The UBC Faculty Pension Plan (the Plan) will accept transfers of registered funds from a Canadian financial institution or a previous employer.

All active, deferred and retired members of the Plan are eligible to transfer registered funds into the Plan. Former members who transferred out their funds to external registered plans are also eligible to transfer these funds back into the Plan.

Consolidating your registered plans can help you save time and money. You will reduce the number of accounts to monitor and manage, and can potentially reduce the amount of fees charged.

Eligible Funds

The following Canadian registered plans are eligible for transfer into the Plan:

  • Registered Retirement Savings Plans (RRSP)*
  • Registered Retirement Income Funds (RRIF)
  • Locked-In Retirement Accounts (LIRA)
  • Life Income Funds (LIF)
  • Registered Pension Plans (RPP)

*Any locked-in restrictions attached to the funds will remain.

The following are not eligible for transfer into the Plan:

  • Spousal RRSPs**
  • Tax Free Savings Accounts
  • Non-registered assets
  • Pension plans or retirement plans outside Canada, i.e. 401(k)

**To be eligible, an RRSP must be one in which the Plan member made the contributions in his/her own name and not by or for a spouse.

Transfer Fees

Most financial institutions will charge a transfer out fee if you move your account to a different company. Contact your financial institution or review their schedule of fees and commissions. Transfer out fees can range from $25 to $250 and the Plan does not reimburse members for any fees charged for the transfer.

Investment Options

You can allocate your transferred-in funds among the Plan’s seven investment options. Go to the Investments page to learn about the funds available.

Withdrawal Options

The funds can be transferred out to an external registered plan at no cost, and if the funds are not locked-in, they can be withdrawn as a taxable cash payment at no cost.


To transfer external registered assets from a financial institution, use the Application for Direct Transfer of Assets into the Faculty Pension Plan Form.

To transfer your registered pension plan from a previous employer, please contact us.

Status of Your Request

Members can view their investment changes, transfers-in, and withdrawals by signing into If the transfer has not yet arrived in your FPP account, contact your financial institution for the status of your transfer out request.