LIRA rules in Separation and Divorce?

Locked-in Retirement Account
  • Required to provide a statement showing your LIRA balance, on your date of marriage as well as your date of separation.

  • The Income Tax Act is an act that provides tax-free rollovers of LIRA between separating spouses.

 what-you-need-to-know

What happens to your retirement savings in a divorce?

 what-you-need-to-know

Making an LIRA Account Disclosure

 what-you-need-to-know

LIRA Account Disclosure Documents

LIRA Locked-in Retirement Account

The statement is typically sent to subscribers on a quarterly basis, usually in March, June, September and December. If you have not received your statement for the period, you may need to conduct inquiries.

Obtaining a digital copy of this document:

 what-you-need-to-know

Obtaining  a digital copy of this document

  1. Many online sources allow you to download a digital copy to the device.
  2. Most up to date Web Browsers allow you the option of “Print to PDF”
  3. Scan your hard copy to a pdf.   

Note: This can be done on a personal (home or work) scanner, or can be done at a retailer such as Staples Business Depot

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Contact Information
Ken S, Maynard CDFA
1.855.731.3500
647.360.3200

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About the Author:
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2022-06-17T21:43:16-04:00
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