2 fsco 1204e form 2025

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The document provides instructions for completing Form 5.2, which is an application to withdraw or transfer up to 50% of funds from an Ontario life income fund (LIF) governed by Schedule 1.1. It outlines eligibility criteria, the application process, necessary information required from the applicant, and the implications of withdrawing or transferring funds, including potential tax consequences and effects on government benefits. The document emphasizes that applications must be submitted to the financial institution administering the LIF and not to the Financial Services Commission of Ontario.

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