Monetizing a LIRA with Tax Credits

SaskWorks can be purchased within an investor’s Locked-In Retirement Account (LIRA). A $5,000 investment in SaskWorks generates $1,625 in combined federal and provincial tax credits, which can be applied against the investor’s current-year income tax, improving cash flow in the year of purchase. 

While funds held in a LIRA remain locked in until at least age 55, the tax credits generated through a SaskWorks investment provide immediate, non-registered cash flow. This cash can be reinvested into other assets or used to support other income needs.