A transfer in kind is exactly what I was referring to but one thing is for certain is that the shares cannot be transferred out of the RRSP without a remittance from the RRSP plan to the CRA.  The rate is 10% on any transaction value below $5K, and the withholding tax rate goes up big time on larger amounts.

In the end, the amount of tax you will be paying all tolled will be determined on your tax return and your marginal tax rate.  I was just referring to the withholding tax amount the financial institution withholds and remits to the CRA.