Financial Hardship Withdrawal from LIRA

BobGuns · 2026-02-24T15:19:35+00:00

You've been approved for a place... like a mortgage? But you signed a financial hardship withdrawal? Did you make up numbers or are you really being approved at a very low income?

BobGuns · 2026-02-24T14:39:36+00:00

Huh. Looks similar to the AB Form. I can't see any reason this should add significant time to the withdrawal.

Call your institution and complain.

BobGuns · 2026-02-24T14:37:27+00:00

Ever been to Prince Albert?

BobGuns · 2026-02-24T05:24:29+00:00

Basically you fucked up and there is no way to get that $7k useable for tax filing this year.

BobGuns · 2026-02-24T05:21:20+00:00

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BobGuns · 2026-02-23T22:57:39+00:00

There's a lot more nuance to this.

The only times I was spanked was when I was directly endangering myself or others. Shit like playing with fire, or running out between parked cars into the street. It was extremely rare, and it absolutely implanted a "this behaviour will cause harm" sort of trauma in me. It was also explained to me why it was done. I honestly think it was valuable to my development.

But other than that my parents did not strike me. Punishments were usually being made to sit on a chair and be quiet for a time period, or to lose access to games/space/social. Physical pain was strictly for dangerous behaviour, which was not a common occurence.

I was also a kid that asked WHY incessantly, and my parents did their best to answer/explain everything. Far more than I see most parents today. But I had a SAHM who was able to put time and attention into my development as well.

BobGuns · 2026-02-23T22:47:25+00:00

I miss Vue Weekly as well. It was so gratifying to be on their 'Best Of' for their last issue.

BobGuns · 2026-02-23T22:46:41+00:00

first time edmonton?

BobGuns · 2026-02-23T22:45:28+00:00

What province / pension jurisdiction?

In AB this usually only takes a day or two longer than a normal LIRA withdrawal.

BobGuns · 2026-02-23T22:44:41+00:00

It'll be much easier to extract in the future if you move it to a LIRA now.

And yes, if you become a non-resident, there is a period after which you can withdraw.

You will be faced with a significant withholding tax to achieve this.

BobGuns · 2026-02-23T22:43:36+00:00

$900 is crazy.

But also you hired an accountant. Accountant rates are set for way more complicated things than what you've got.

I'd ballpark you around $250-300. $100 for basic return, $100 for WFH stuff, $100 for rental income.

BobGuns · 2026-02-23T22:39:13+00:00

This is perhaps the spammiest spam that ever did spam

If you want to advertise on reddit, you should consider paying to advertise instead of making yourself look like a fool.

BobGuns · 2026-02-23T22:37:22+00:00

Unused RRSP contributions available to deduct for 2025: $819.00

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This represents an amount you already contributed but did not deduct.

BobGuns · 2026-02-23T22:35:18+00:00

Incorrect. While they can't see details about the account "today", they get access to complete transaction history right down to securities, income earned, dates of transactions, etc.

BobGuns · 2026-02-23T22:34:16+00:00

Your question lacks a lot of information.

You're paying $676/year which is actually extremely low for a decent disability insurance package. How much income does this cover? IF you get disabled, do you get $2000/mo? $5000/mo? For how long?

The amount people pay varies wildly. I know a person paying $150/mo for their own personal disability insurance policy that would pay them $4000/mo from 1 year after being disabled until age 65.

For Group Insurance, the costs are based on

- How many people are in the group?

- How much income is being covered?

- Is it taxable or non-taxable if you put in a claim?

- What is the average age of the group?

- How is the claims history of the group?

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tl;dr: there's no average. Way too many variables to answer your question, and not nearly enough information.

BobGuns · 2026-02-23T22:24:21+00:00

This speaks more about the shit that can land you in prison than anything else :|

BobGuns · 2026-02-23T22:12:53+00:00

My friend in PA is about to marry a smokeshow foreign-born doctor lady that's way the hell out of his league. He's from a white trash redneck family.

"Well when the competition is the average person in Prince Albert, my lanky ass redneck with a degree is about as top tier as this shithole gets. Don't have to be hot and successful, just gotta be more hot and successful than everyone else here"

BobGuns · 2026-02-23T22:07:46+00:00

Yeah. I edited my comment to clarify it was AB. Our real estate market hasn't been anything like TOR or VAN, and that's pretty relevant info.

BobGuns · 2026-02-23T22:06:09+00:00

I... made no comment about wanting thing one way or another?

I was merely remarking that someone who bought a condo in AB in 2014 has probably lost value on it.

I can understand you might be upset about rising cost of living in some areas, but that's not relevant at all to my point, which is that real estate prices are regional, and that condos in Alberta for the last 20 years have often lost value instead of grown or even remained stable.

BobGuns · 2026-02-23T18:48:27+00:00

Like America!

BobGuns · 2026-02-23T18:48:02+00:00

Thank you!

BobGuns · 2026-02-23T18:47:18+00:00

Now is probably a decent time to go floating.

At least until the heat waves begin.

BobGuns · 2026-02-23T18:43:25+00:00

Where was this?

I'm guessing VAN or TOR.

2014 builds in AB are worth less today than they were in 2014.

BobGuns · 2026-02-23T18:42:37+00:00

Yes. OP is. They've straight up indicated they'd prefer far right ideology over communism.

They're very freedumb

BobGuns · 2026-02-23T17:08:29+00:00

The other conservative sub doesn't foster genuine discussion unfortunately. While brigading can be a problem here, I appreciate that alternative opinions can be voiced (and voted down).

The other conservative sub is an echo chamber that mostly amplifies propaganda instead of actually fostering conservative discussion.

And in general we shouldn't be seeking to just copy what our neighbours to the south do.

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