CARP supports the following petition to Premier Dalton McGuinty: ([email protected])
The Seniors of Ontario request the Liberal Government to Unlock Locked in Pension Plans LIRA, LIF, LRIF.
This is unjust legislation having these funds locked in. These funds were unlocked for the MPPs of Ontario – but not for the seniors . Seniors want the option of transferring their funds into an unlocked RRIF and not have a restrictive upper limit placed on these funds. They should be regulated the same as a RRSP.
Saskatchewan Unlocked these funds for their seniors.
Manitoba Unlocked 50% of the funds for their seniors.
Ontario forcing Seniors to leave their funds locked in so that the government of Ontario can have a big tax grab when the funds pass to children or the estate is not in the best interest of the Seniors of Ontario
Therefore we request that the Ontario Government follow the Saskatchewan legislation in unlocking these funds.
To add your name to the petition, click on the link below.