Question: Devon's spouse recently got a new job in the U . S . and the couple will be moving at the end of this month.

Devon's spouse recently got a new job in the U.S. and the couple will be moving at the end of this month. Devon is 56 years old and is the annuitant of a locked-in retirement savings vehicle (LRSV) that was funded with money transferred from a former employer's pension plan. He plans to work as a self-employed consultant after the move and already has a few clients lined up. Devon and his spouse are purchasing a new home in the U.S. and need some additional funds to cover the closing and moving costs. Which of the following options for accessing funds from his locked-in account is most suitable for Devon? Devon can:
Question 23 options:
make taxable withdrawals between the required minimum and maximum limits.
make a non-taxable first-time homebuyer withdrawal to buy a qualifying home.
make a taxable withdrawal under the non-resident unlocking provision

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