Retirement savings plans ensure that you have a comfortable retirement while reducing your taxable income.
A locked-in retirement account (LIRA) allows persons who have changed employers to transfer the amounts accumulated in their pension funds so that they can exercise a certain amount of control over their investments.
|Objectives||Issue||Type of Plan|
||Before age 69||RRSP|
|Exercise a certain amount of control over the investments in your former pension plan.||Before age 69||LIRA|