If I unlock 50% of my LIRA due to financial hardship, but make more in the year than my declared expected income on the application, are there penalties from the CRA?

If I unlock 50% of my LIRA due to financial hardship in January, but end up making more in the year than my declared expected income on the application, are there penalties from the CRA?

840

Level 13

Oct 30, 2019 7:17:40 PM

For this particular inquiry, it would be best to contact the Canada Revenue Agency directly. They can be reached at 1 800 959 8281.

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If I unlock 50% of my LIRA due to financial hardship, but make more in the year than my declared expected income on the application, are there penalties from the CRA?