We currently had a friend leave her employer. From her DCPP she was given a few options for her Locked-in, RRSP and Non Locked-in money.
Her questions was -
How does the non locked-in portion affect her RRSP Contribution Limits. If she transfers it to a new RRSP, 1).Does it count as a new contribution? 2). Does it decrease her contribution limit. 3). If she takes it in cash does she get taxed on this money?