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Business Miscellaneous in Business . 3 months ago
A locked-in retirement account (LIRA) or locked-in retirement savings plan (LRSP) is a Canadian investment account designed specifically to hold locked-in pension funds for former registered pension plan (RPP) members, former spouses or common-law partners, or surviving spouses or partners.
Funds held inside LIRAs / LRSPs normally only become available (or "unlocked") to holders upon retirement or upon conversion to another style of pension instrument (e.g. LIF, RLIF, annuity).
Posted on 20 Sep 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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