How to Cash in a LIRA?

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DallasBill
Posts: 25
Joined: Mon Apr 04, 2005 11:20 am
Location: Dallas, TX

How to Cash in a LIRA?

Post by DallasBill »

Could someone please point me in the right direction re: how to go about cashing in a locked in retirement account (held in Alberta) for a U.S. perm resident. It's worth less than 15k, is going on 10 yrs old, and the 5 yr GIC rate is up in August. Is it simple matter of calling the trust company, or is there a specific CCRA form I need to get from somewhere?

I want to concentrate on only worrying about my SD-RSP and my US investments.

Thanks!
...Bill
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nelsona
Posts: 18379
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

You need to prove to your trutee that you are a non-resident of canada.

This is done by filing an NR73 with CRA, and then submitting their decision.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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DallasBill
Posts: 25
Joined: Mon Apr 04, 2005 11:20 am
Location: Dallas, TX

Post by DallasBill »

Great... Easy to do... Thanks!
...Bill
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