LIFs In BC? | RRSPs and RRIFs | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS sp_TopicIcon
February 2, 2023
11:07 am
lifeonanisland
Member
Members
Forum Posts: 243
Member Since:
January 13, 2022
sp_UserOfflineSmall Offline

Lots of varied expertise here. I'm wondering if anyone has good knowledge of LIFs, particularly in BC. I have some specific questions that I can't find many answers to, either here or elsewhere on the web. Before I ask them, maybe I'll just see if anyone out there has good knowledge on the subject. Thanks upfront for any insights.

September 14, 2023
5:40 pm
yesmath
Member
Members
Forum Posts: 18
Member Since:
October 10, 2017
sp_UserOfflineSmall Offline

Did you find a good resource, as I too am looking and in BC.

September 14, 2023
7:31 pm
Rail Baron
Member
Members
Forum Posts: 319
Member Since:
November 3, 2022
sp_UserOfflineSmall Offline

I don't have a good reference source, but I do have experience with setting up a LIF in BC. I can say that unlike in some other provinces, one has to put the entire amount of he LIRA into one's LIF. No 50% transfer to an RRIF is permitted.

September 14, 2023
7:56 pm
friskyib
British Columbia
Member
Members
Forum Posts: 117
Member Since:
August 29, 2023
sp_UserOfflineSmall Offline
September 15, 2023
10:20 am
lifeonanisland
Member
Members
Forum Posts: 243
Member Since:
January 13, 2022
sp_UserOfflineSmall Offline

yesmath said
Did you find a good resource, as I too am looking and in BC.  

We did get the info we needed and the right account set up, etc. Let me know if you need any info; happy to see if I can help.

Please write your comments in the forum.