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Can I cancel my RRSP GIC?

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If your renewed RRSP GIC does not meet your investment needs, you have the option to cancel the RRSP GIC within 10 business days after the day it is renewed and we will repay you the original principal amount invested and accrued interest up to the date of maturity. 

To cancel your renewed RRSP GIC or discuss repayment options, give us a call at 1-888-723-8881. Repayment options include: depositing your RRSP funds into a Simplii Financial RRSP savings account, issuing you a bank draft (subject to withholding tax as required by applicable law) or transferring your RRSP funds to an RRSP at another financial institution.

† Simplii Financial personal banking services are provided by the direct banking division of CIBC. Banking services not available in Quebec.
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