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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Rise who wrote (3064)	5/2/1999 9:57:00 PM
From: Buckey	Read Replies (1) \| Respond to of 4467

LIRA - forget it I have read storeis of guys on the street begging. others who are out of work and want to start a business - No successes that i am aware of

To: Rise who wrote (3064)	5/2/1999 10:06:00 PM
From: Buckey	Respond to of 4467

YOu must cross the shares at the market price - on the VSE TSE and ASE it is the rules. The OTC - well they can do whatever the hell they want there but most OTC dont qualify

To: Rise who wrote (3064)	5/2/1999 10:14:00 PM
From: DaveU	Read Replies (1) \| Respond to of 4467

Rise, I have spoken to greenline on doing a movement of shares from Margin to RRSP. Basicly they will for $45 move a stock out of one account to another at any price traded that day. I have never done this but I assume it looks like a normal sell from the originating account and a buy to the receiving account (ie you have to have the money in the receiving account to make the sell happen). I know you were probably looking for a lower than market sell out of your RRSP. I don't think that would ever be possible. But maybe you could sell a full trading block (100 shares?) and then make the transfer at that low price. Any way I hope that helps from someone that has never done it!

To: Rise who wrote (3064)	5/2/1999 10:14:00 PM
From: The Osprey	Read Replies (2) \| Respond to of 4467

Rise, Your LIRA(Locked In Retirement account) is just what it says.....locked in.Because this was money from a retirement plan or registered profit sharing plan that a former employer contributed to you are at the mercy of the provisions of the details of the plan and the governing LIRA legislation pertinent to the province where the Pension plan is registered.One of the nice things is you can manage it yourself until retirement. Be thankful for this.Until the portability of pension plan legislation was introduced and the formation of LIRA's legislation you did not have any options at all.Usual practice was for the former company to manage it for you and pay you an annuity at age 65 or normal retirement age. With Portability of pension legislation you can either transfer it to a LIRA or to a new employers pension plan as an alternative.Most people prefer to do as you have and transfer it where they can have some say in the direction of the investment. Another thing to be thankful for is that under the old plans (pre LIRA) the only obligation an employer had was to provide either a defined benefit annuity or a defined contribution annuity depending on the plan.= no flexibility.With the new LIRA legislation some if not all provinces allow transfer to a LIF(Life Income Fund)in addition to the annuity.This is our governments way of ensuring you are not left destitute as buckey said regarding the beggars on the street.Be thankful for BII and a few others.The bigger the pot the bigger the income at retirement.There is a destitution clause but have never had to use it for clients so I am not familiar with it or the intracacies thereof. Hope this helps a bit. The Osprey