If your client plans to withdraw a pension, ask your client, “Have you considered your options when it comes to your pension?” Educate your client on his potential choices for the withdrawn funds (LIRA, RRSP, cash) and the tax implications of each.
Conversation Starter – What happens to unreported pension income?
If your client plans to withdraw a pension, ask your client, “Have you considered your options when it comes to your pension?”
- February 27, 2015 February 27, 2015
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