Unlock Locked-in RRSPs sign now

The People of Canada request that the Federal Government allow the Unlocking of Locked-in RRSPs (Pension Plans, namely: LIRAs, LIFs, and LRIFs).

The People of Canada want the option of transferring their funds into an
unlocked RRSP/RRIF and not have a restrictive upper limit placed on these funds.

Saskatchewan Unlocked these funds for their Residents.

Manitoba Unlocked 50\% of the funds for their Residents.

Ontario Unlocked 100\%, but ONLY for ex MPPs.

Some allow for withdrawal in the case of: imminent death, small amounts, non-residency, dire need (only after deducting for any assets that are owned).

The above people have the freedom to prepare/plan for their future and their heirs. The rest of us do not.

The Rules/Regulations for Locked-in RRSPs is a nightmare for all concerned (Individuals, Investing Institutions, Life Insurance Companies, and probably OFSI as well). The Rules/Regulations for Regular RRSPs are simpler and the SAME for ALL Canadians.

Therefore We, The People of Canada, request that the Federal Government follow Saskatchewans lead in allowing people to unlock these funds. From this moment on all those with locked-in RRSPs (namely LIRA, LIF, and LRIF) have the option to transfer these monies into a Regular RRSP/RRIF or something similar would suffice.

All Provinces are encouraged to do the same.

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Goal
450 / 1000

Latest Signatures

  • 13 January 2016450. Ardelle T
    small LIRA less than 20,000. is not cost effective to be kept in a separate plan
  • 12 January 2016449. Robert P
    I support this petition
  • 16 December 2015448. Scott L
    I support this petition
  • 04 December 2015447. A R
    I support this petition
  • 30 November 2015446. Janet P
    I support this petition
  • 28 November 2015445. Lionel C
    In 1988, I changed employment from Bank of Montreal and at that time under your rules, I was required to transfer pension monies totaling $1,650 to a Locked-in RRSP. I am now 66 year old and again under your rules have the sole option of converting this a
  • 27 November 2015444. Trudy A
    I support this petition
  • 16 November 2015443. Fredua A
    I support this petition
  • 14 November 2015442. Tim H
    I support this petition
  • 28 October 2015441. Robert A
    I have recently married a woman with four kids (11,8,4,2mths) and the only hope I have to buy a house is to get my LIFA unlocked. Address 4-32143 Marshall Rd., Abbotsford,BC
  • 16 October 2015440. Lorena R
    I support this petition
  • 04 October 2015439. Lynn M
    I support this petition
  • 25 September 2015438. Wendy S
    I support this petition
  • 23 September 2015437. Dawn E
    I support this petition
  • 10 September 2015436. Steve C
    Allow it for small amounts this will save a lot of hassle for financial institutions and the individuals having to plan for piddly little amounts. Allow transfer into RSP for amounts under 20\% YMPE - I am a financial planner and some people have 3-4 lock
  • 29 August 2015435. Edward I
    I am peeved that my rrsp that is locked in is like the government telling me what I can do with my money.
  • 27 August 2015434. Marika G
    Locking in pensions does not ensure that their value will be maintained until retirement
  • 16 August 2015433. Dawn D
    I support this petition
  • 15 August 2015432. Claude M
    my rrsp is locked til 55 and i need it! Address 210 Brown road miramichi NewBrunswick
  • 14 August 2015431. Promod S
    Let's be fair
  • 12 August 2015430. Navin Werner
    Locking funds prevents people from taking early retirement.. Today with the amount of stress people have to take at work , lot of ppl would like to take early retirements if they can afford.. the locking of funds prevens this Address Apt 708 , 320 McCowan
  • 08 August 2015429. Joey S
    UNLOCK THE LOCKED RRSP'S
  • 31 July 2015428. Francine L
    I support this petition
  • 24 July 2015427. Anne Mariem
    I support this petition
  • 15 July 2015426. Heather H
    В Address 30 HEMLOCK ROAD
  • 12 July 2015425. Joey S
    В Address В
  • 10 July 2015424. Judith D
    I support this petition

browse all the signatures

Information

Elvira HaynesBy:
Culture and SocietyIn:
Petition target:
The Honourable James M. Flaherty, P.C., M.P. Minister of Finance

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