http://canadianfinanceblog.com/2009/11/24/what-is-a-locked-in-retirement-account-lira.htm The Canadian Source For Personal Finance Sun, 14 Mar 2010 13:32:48 -0600 http://wordpress.org/?v=2.9.2 hourly 1 http://canadianfinanceblog.com/2009/11/24/what-is-a-locked-in-retirement-account-lira.htm/comment-page-1#comment-2375 Stuart Wed, 25 Nov 2009 05:25:51 +0000 http://canadianfinanceblog.com/?p=1956#comment-2375 I'm looking at leaving my current employer where I have been paying into a pension. As a result, to transfer my pension away from the corporate pension I must convert to a locked in RRSP or LIRA or pay tax on bringing the money out. The bad thing about converting to a LIRA is that you are not eligible to use those funds to participate in the Home Buyers Plan. What a shame! .-= Stuart´s last blog ..<a href="http://feedproxy.google.com/~r/InvestingInCanada/~3/cKLUq6VL_gk/globalive-in-dangerous-waters-sharks-and-piranha-lurking.html" rel="nofollow">Globalive in dangerous waters, Sharks and Piranha lurking</a> =-. I’m looking at leaving my current employer where I have been paying into a pension. As a result, to transfer my pension away from the corporate pension I must convert to a locked in RRSP or LIRA or pay tax on bringing the money out. The bad thing about converting to a LIRA is that you are not eligible to use those funds to participate in the Home Buyers Plan. What a shame!
Stuart´s last blog ..Globalive in dangerous waters, Sharks and Piranha lurking

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