Travis Stringer, Wealth Advisor at RBC Dominion Securities Inc.

A little boost for my colleagues as the RSP contribution deadline approaches!

Monday, March 2, 2026

RBC Colleagues: Are you considering an RSP contribution as the deadline approaches but are short of cash? I have an idea for you: your Employee Profit Sharing Plan.

Generally, you are not able to withdraw the funds from your EPSP for two years after receipt. However, you may be able to transfer the shares to your RSP or TFSA within the plan BEFORE they have vested.

This is how it works:
- Call your plan provider and advise the customer service representative that you would like to transfer your shares in-kind to your RSP or TFSA (if you have a lot of shares, ensure you do not over-contribute to your registered account!)
- The service rep will read you a disclaimer, and you must agree to the transfer: be aware that even though you are transferring your shares in-kind, the shares are considered sold (deemed disposition) for tax purposes, and you will have to report a capital gain or loss on your tax return
- If done before market close, the transfer will complete on that day. If after market close, it will complete the next business day. If you are considering this for the 2025 tax year, I recommend you make that call before noon on Monday to ensure it is completed in time.
- That’s it! The transfer will complete, and all future grow in your shares will be tax sheltered in your RSP and tax free in your TFSA.
- You will receive a notification within a couple of weeks that an RSP contribution receipt is available.

This process may work for other employees participating in Profit Sharing Plans, but I only have experience with RBC. It is important to understand how your employer’s plan work. My understanding is that this will not work with registered, DPSPs, for example.

Canada’s 2025 Federal Budget includes several measures that could impact tax and wealth planning. What are those key measures and how might they impact you? Find out here: https://bit.ly/3LKN3KT

This past weekend, through sheer determination and resilience (or obstinance!), I finished clearing a new hiking route near Prince George.

It's been 13 years since I began my journey to Zig Zag Ridge just south of Crescent Spur. After dozens of trips and countless hours blindly bashing through the bush, we now have highway access to what could become a preeminent hiking area.

The Caledonia Ramblers will lead the inaugural hike up the new route this weekend!

Thank you to everyone who has helped with route-finding and clearing over the years, including Naz, Aisy, Tim, Andrea, Hardy, Alex, and Michael.

The back story:
Around 2010 or 2011, a friend of mine flew over the Snowshoe Lakes/Zig Zag Ridge area in a helicopter, and he told me how amazing it looked. We immediately started studying Google Earth to see if we could find a route. I asked several local hiking club members if they had ever been on the ridge. The Caledonia Ramblers may have hiked the ridge some 30 years ago when there was logging road access, but no one could remember. Some Ramblers had made several attempts to find a route to the ridge prior to 2009, but the thick bush ultimately thwarted their efforts.

A couple of residents in Crescent Spur snowmobiled up to the alpine many years ago, and the local heliskiing operator flies clients to the ridge, but there has never really been hiking access.

Determined to get to the ridge, I set out on several trips over the years to see if I could find a way to the alpine and whether it was worth visiting. Well, I did, and it is. And I look forward to exploring more route options from the alpine in the future.

If you’re interested in seeing what some of my early route-finding looked like, thick devil’s club and all, you can check out this quirky video I made in 2015. Warning!: it may give you bushwhacking nightmares! https://bit.ly/4m1X2Jn