Get Form 12 Financial Hardship Appllication

Completing the Form 12 Financial Hardship Application online can be a straightforward process with the right guidance. This form allows users to withdraw or transfer funds from a locked-in retirement account (LIRA) or life income fund (LIF) due to financial hardship. By following the detailed instructions provided below, users can navigate the form with confidence.

Follow the steps to fill out the Form 12 accurately and efficiently.

1. Click the ‘Get Form’ button to access the Form 12 and open it in the online editor.
2. Begin by providing your personal information in the designated fields, including your last name, first name, middle name, address, postal code, email, phone number, and date of birth.
3. In the next section, enter your LIRA or LIF account number and the name of the financial institution holding your account.
4. Indicate if you have previously applied to withdraw money for financial hardship by selecting either 'Yes' or 'No'.
5. Specify the source of the funds in your LIRA or LIF by indicating whether the money was transferred from your pension plan with a former employer or from a former spouse’s pension after the breakdown of your relationship.
6. Proceed to attach the latest statement from your LIRA or LIF as an upload option is provided.
7. Attach a declaration and supporting documents depending on the reason for your withdrawal, such as mortgage or rental arrears, medical expenses, or low income, using the applicable guidelines for each type.
8. Complete the Owner’s Certificate by certifying your ownership of the LIRA or LIF, and whether you have a spouse, including signing and witnessing the document.
9. If required, attach the Spouse’s Consent to the withdrawal or transfer, ensuring it is signed and witnessed.
10. Finally, review all filled-out fields, save any changes, and choose to download, print, or share the completed Form 12 as per your preference.

Begin your application for financial hardship by filling out the Form 12 online today.