Locked In Retirement Account (LIRA)

LIRA

LIRAs are RRSP contracts that contain funds that are transferred from Registered Pension Plans that are subject to pension legislation.  When you switch employers, you can transfer your pension funds into a LIRA account. While no further contributions can be made, a LIRA allows you to gain control of these funds until your retirement.

Withdrawals from LIRAs are not normally permitted. As well, there may be restrictions on when you can trasfer these funds to a Retirement Income Option.  

We are happy to guide you through all of your investment options, including LIRAs.