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Regardless of which one you trade at, many of them share a lot of similarities when it comes to the withdrawal process. For starters, almost all brokers will require you to take a withdrawal in the same manner that you made your deposit.

If you used a credit card, for example, your withdrawal will need to go back to that same credit card.

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You might do this if you dont have the cash to make your contribution, but you have investments that you want to use instead. You are considered to have sold your investments at their fair market value and will have to report any resulting gain on your tax return. You can claim an RRSP deduction equal to the fair market value of the investments transferred to your RRSP.