January 1, 2008
To all owners of Ontario locked-in accounts (locked-in retirement accounts, life income funds and locked-in retirement income funds):
Form 6 - 2008 Financial Hardship Unlocking Instructions and Application - for all categories of financial hardship
The Financial Services Commission of Ontario has produced a revised form for applications to the Superintendent of Financial Services for consent to withdraw money from an Ontario locked-in account based on one or more of the six categories of financial hardship (Form 6). The revised form reflects the increased limits in several categories for 2008. The revised Form 6 is to be used for financial hardship applications signed on or after January 1, 2008.
The Form 6 - 2008 Financial Hardship Unlocking Instructions and Application are also available by calling the Financial Services Commission of Ontario at 416-250-7250 or toll free at 1-800-668-0128 to have the form sent to you.
Form 6.1 - 2008 Financial Hardship Unlocking Instructions and Application - for low income financial hardship only
The Financial Services Commission of Ontario has also produced a revised shorter form for applications to the Superintendent of Financial Services for consent to withdraw money from an Ontario locked-in account based on the low income category of financial hardship (Form 6.1). The revised form reflects the increased amounts for 2008. The revised Form 6.1 is to be used for financial hardship applications signed on or after January 1, 2008.
The Form 6.1 - Financial Hardship Unlocking Instructions and Application are also available by calling the Financial Services Commission of Ontario at 416-250-7250 or toll free at 1-800-668-0128 to have the form sent to you.
NOTE: If you are applying to the Superintendent for consent to withdraw money from your locked-in account (Form 6 or Form 6.1) for financial hardship unlocking under more than one category, you should complete only Form 6. In this way, only one application fee will be applied to the total of the withdrawals approved under the application. If you apply using both Form 6 and Form 6.1, you will be charged two application fees.
More information about the categories of financial hardship unlocking and the financial hardship applications is available on this website.
For free help in filling out the forms, to obtain copies of the forms or if you have any other questions, contact the Financial Services Commission of Ontario at 416-250-7250 or toll free at 1-800-668-0128
Financial Services Commission of Ontario