1-888-451-6133 [email protected]
Unlock

Unlock former employer

pensions & locked in accounts.

How to Access Pension Plans in Canada 

Before the age of 65

Most Canadians believe that they are not able to access their former employer pension plans, LIRA, LRSP, or LIF until retirement.

That is not always the case.

By understanding federal and provincial registrations and unlocking rules, you can access your funds now rather than waiting until retirement age.

Take the Assessment Quiz below to see if you are eligible to unlock funds.

How to Access Pension Plans in Canada (Before Age 65)

Are You Eligible To Unlock Your LIRA?

Find out in 30 seconds or less with the LIRA unlocking Assessment Tool.

Get your money now

Former employer pension plans and locked in account unlocking

What we do:

Unlock Former Employer Pensions and Locked in Accounts

How we do it:

Apply to the Government for Available Programs Such as Financial Hardship.

How long will it take?

It usually takes 4-6 weeks for funds to be deposited into your bank account.

*Proceeds from pension unlocking are paid directly to you.

Which accounts can we unlock?


  • Locked-in retirement account (LIRA)
  • Locked-in registered savings plan (LRSP)
  • Locked-in retirement income fund (LIF/LRIF)
  • Former or terminated pension members:
      Registered Pension Plan (RPP)
      Defined Contribution Pension Plan (DCPP)
      Defined Benefit Pension Plan (DBPP)
      Deferred Profit Sharing Plan (DPSP)

What provinces can we work in?


  • British Columbia
  • Alberta
  • Saskatchewan
  • Ontario
  • Northwest Territories

Which accounts can we not unlock?


  • Current Employer Pension Plans
  • Canada Pension Plan (CPP)
  • Old Age Security (OAS)
  • Disability Insurance Pension (WSIB)
  • Annuity
  • Current Pension Plans for people on:
      Short-term lay off
      Maternity Leave
      Disability Leave

What is the tax penalty for unlocking?


  • 10% on amounts less than $5,000
  • 20% on amounts between $5,000 to $15,000
  • 30% on amounts over $15,000

Take The Assessment Quiz

powered by Typeform
CFS Wealth Management works with Canada’s most trusted financial institutions.
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

Products
Head Office
114 Rumsey Rd.,
Maple Ontario
L6A0W7
Monday-Friday: 9AM-5PM
Tel: 1.888.451.6133
Email: [email protected]
Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
About Us

Confidently invest in your future with CFS Wealth Management. We bring together a team of experts professionals, who each provide a unique and proven approach. At CFS Wealth Management Inc. we proudly offer proven financial strategies to create, build, protect and transfer your wealth.

Head Office
114 Rumsey Rd.,
Maple Ontario
L6A0W7

Secondary
9980 Dufferin Ave
Box 20011
Maple ON
L6A4M4

Tel: 1.888.451.6133
Fax: 1.866.410.2675
Email: [email protected]

Mon-Fri: 8AM - 6PM

Questions?
Contact us today and begin the process of unlocking your former employer pension plan today!
© Copyright 2020 CFS WEALTH MANAGEMENT INC. | Website Design by Bryka.com | Privacy Policy
Individual results will vary. CFS Wealth does not provide legal advice or offer credit repair services. If you require legal advice, you will need to consult with a licensed attorney. Individual results are highly dependent on successfully following our program and your ability to save money. Growth estimates are examples of past performance and are not intended to be a guarantee of future results. Results will vary based on individual circumstances. Please read and understand all contract terms prior to your enrollment. All testimonials, program descriptions and BBB Accreditation’s are related to or provided by our third party affiliates. Names and pictures associated with client testimonials are not real in order to protect the privacy of all clients. Information from third parties is not verified or guaranteed by CFS Wealth.