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: 18679
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.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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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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