The bulk of my retirement money is in index funds, but I do have a small portion in bonds and another small portion in a GIC. The GIC is short-term (three months), and I'd like to transfer it to a new RRSP account at another institution. I've never had a GIC before so am not sure how this works: do I cash in the GIC and then have a certain amount of time to reinvest it in an RRSP at the other instutition, or do I have to arrange a transfer directly between the two institutions? Do I have to report anything at tax time?