Self Directed RRSP trustee in Alberta
4 Replies
Cynthia Ganga
from Edmonton, Alberta
posted over 4 years ago
I'm getting the run around from private wealth management firms that I've talked to about starting an RRSP to invest in small businesses and property. It's allowed by CRA but I'm finding it hard to find a trustee (company that manages the paperwork).
Any suggestions?
This needs to specifically be BOTH small business shares in private corporations and mortgages or property.
Roy N.
(Moderator) -
Rental Property Investor from Fredericton, New Brunswick
replied over 4 years ago
This other recent thread covers trustees who presently provide arms-length mortgages from registered accounts ... it seems there are now five, though I've read the B2B Bank (Laurentian) is becoming more difficult with their liquidity requirements.
There is also an new player (Community Trust Company Ltd.) since I did my research a few years ago.
As I mentioned in response to you in the other thread, I do not know if they also accommodate holding CCPC shares in a registered account, but I would suspect they would be more likely to do that than most of the bigger firms.
It never hurts to ask.
Cynthia Ganga
from Edmonton, Alberta
replied over 4 years ago
@Ron N.
Thanks.
Tony Sera
Investor from Edmonton, Alberta
replied almost 4 years ago
Ram Srinivasan
Business Consultant from Calgary, Alberta
replied about 3 years ago
I find Olympia Trust to be extremely good for this