Open TurboTax
If you withdraw from your LIRA in 2026, then you'll get a T4RSP tax slip for your 2026 taxes, not 2027. The money withdrawn will be taxed like regular income, so how much you'll be taxed will depend on your total income, as well as what deductions & credits you can take.
jemmm39
New Member
klamity
Level 2
Raph-ENCA
Community Manager
12345mnbvc
New Member
Karbonk
Level 1
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.