Hi — I’m trying to confirm whether MoneyReady handles the Ontario DCPP/LIF 50% unlocking process at retirement.

Specifically, can MoneyReady model:

• transferring a DCPP into a Schedule 1.1 LIF,

• unlocking up to 50% within the 60-day window,

• and transferring the unlocked portion into a RRIF?

Thanks!

Yes.

You tell it what age you want the DCPP converted to an LIF, that's in edit the Account's properties.

There's no need to do anything else. The program assumes you've unlocked any amount needed after age 65.