Tag · Canada
retirement savings
Loopholes Tagged "retirement savings"
Plain-English guides to Canadian legal rights and workarounds related to retirement savings.
Easy If You're Saving for Retirement
Group RRSP Employer Matching — The 100% Instant Return You Might Be Leaving on the Table
Employer matching in a Group RRSP is effectively a 50–100% immediate return on your contribution — fully enrolled employees who don't contribute to the match are giving up a significant portion of their compensation.
Medium If You're Saving for Retirement
LIRA Unlocking — Access Your Locked-In Retirement Account Early Through Small Balance and Hardship Provisions
Locked-In Retirement Accounts (LIRAs) restrict withdrawals — but provincial legislation permits full unlocking for small balances, financial hardship, terminal illness, and non-residents, potentially giving you access years before retirement.