We understand that there may be times when you need to withdraw your funds, and/or close your Corex account.
Partial Withdrawals
You can withdraw partial amounts from your RRSP or TFSA account at any time. Keep in mind that there may be certain tax implications depending on when and how you withdraw. Be sure to consider how this may affect you before proceeding with a withdrawal.
- RRSPs: Learn more about withdrawing from your RRSP here.
- TFSAs: Learn more about withdrawing from your TFSA here.
Full Withdrawals/Closing Accounts
If you wish to close your Corex account (regardless of the account type), you’ll need to follow a two-step process:
- Withdraw all funds from your account.
- Submit a request to Corex to formally close your account.
After you request account closure, Corex will contact you to ensure everything is in order. This includes confirming that you don't have any scheduled deposits set up and helping you determine the best way to transfer your funds.
Important Note: If you wish to withdraw 98% or more of your account balance, Corex will process it as a full withdrawal. Additionally, closing your Corex account will not automatically close your Corex profile. You will need to submit a separate request to close your profile.
Disclaimers:
Investment Fund and Portfolio Management services are provided by Corex. For this reason, all account-related activities, including withdrawals and account closure requests, must be directed to Corex. Please ensure you follow the appropriate steps to manage your account and understand any potential tax implications.
Corex Financial Inc. ("Corex") offers wealth management products and services to Manzil customers. Corex Financial Inc. is a registered Portfolio Manager in each of the provinces and territories of Canada and as an Investment Fund Manager in the provinces of Alberta, Ontario, Newfoundland and Labrador, and Quebec. Assets in your Corex accounts are held with various custodians, each registered as an investment dealer with the applicable securities regulators. All custodians are members of the Canadian Investment Regulatory Organization (“CIRO”) and the Canadian Investor Protection Fund (CIPF). All trademarks are the property of their respective owners. Corex will determine what investments are suitable for you.
