I recently watched moneygeek YouTube video and felt exactly same frustration on big banks. I reviewed my last 4 years MF perfornace after 2.5% MER： minus, 0.3%,1.5% , minus again. Cumulative return was not better than regular saving in some credit unions. The banks are not making money for us but we are making money for them.
I am trying to transfer my MF to questrade. As I do not have too much, few thousand in each account. It does not make sense to pay 125dollars transfer fee. Anyway I will switch from mt to etf. I am considering to sell mt, and transfer exactly same amount cash into qt RRSP. I asked my friends and banks the answers were the same. As long as the cash amount is the same, no CRA issues. I would like to have somebody and Dr Choi to confirm it is better to do this way comparing with using qt online transfer 'all in cash''. Many thanks.