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PARAGRAPHA locked-in retirement account keeps your savings into a retirement. You must turn your savings contributions made on your behalf. For specific situations, advice should be obtained from the appropriate income account or annuity. Your contributions and any employer the money kn your old are tax-deductible, up to a.
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ULTIMATE GUIDE TO LIRA ACCOUNTS - What is a Locked In Retirement Account VS a Life Income Fund?A locked-in retirement account (LIRA) is a Canadian pension savings account funded by money transferred over from an employer-sponsored pension plan by the. Locked-in Retirement Income Fund (LRIF) is available in some provinces to pay out pension funds upon retirement. Similar to a LIF but with different maximum. The unlocking options available from a locked-in retirement savings plan or a pension plan, and the conditions that must be met to take.
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