Also known as a Locked-in Retirement Savings Plan (LRSP) in some provinces. If you’re leaving an employer where you were part of a pension plan and would like control of it, you could transfer the commuted (lump sum) value of an employee plan to a LIRA/LRSP.

LIRA has the same tax shelter benefits and can be invested the same as an RRSP however the plan is “Locked” so no additional contributions can be made.

Call 604-260-7150 or complete the form on the right to speak with an Advisor.

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