LIFs In BC? | RRSPs and RRIFs | Discussion forum

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February 2, 2023
11:07 am
lifeonanisland
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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
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Did you find a good resource, as I too am looking and in BC.

September 14, 2023
7:31 pm
Rail Baron
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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
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September 15, 2023
10:20 am
lifeonanisland
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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.

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