Unlock LIRA
Tax Planning

Withdrawing from a LIRA

Withdrawing from a LIRA can be complicated if you don’t know where to begin. Locked In Retirement Accounts requires the completion of applicable forms and meeting certain requirements that vary province by province. As each […]

Graduating School
Tax Planning

Withdrawing from a RESP

When withdrawing from a RESP, you should remember that withdrawing can either be for school purposes or non-school purposes. Each course has it’s own consequences. In order for a beneficiary to proceed withdrawing from a […]

Withdrawing
Tax Planning

Withdrawing from RRSPs

Withdrawing from your RRSP is usually discouraged as withdrawals are meant to happen when you’re in retirement and at a much lower tax bracket. Your options are as follows. […]