For whom is this service intended?

For you, if you:

• have a Québec life income fund (LIF)
• are a financial planner for Québec LIF holders

What are the advantages of this online service?

You will be able to:

• find out how much life income or temporary income you can draw from your LIF
• evaluate your withdrawal and other options, based on your age
• use the results to help choose your financial strategies

Which LIFs does this service include?

• The service includes the LIFs subject to the Supplemental Pension Plans Act, that is, Québec LIFs.
• The service does not include the LIFs subject to another law, for example, those under federal jurisdiction.

Important

• Neither the Régie des rentes du Québec nor your financial institution receives any of the data entered.
• The simulation tool calculates the life income and temporary income you can draw for a given year based on the information that you enter. The income that your financial institution pays to you may be different if:
  • the data used for the calculation is incorrect
  • tax is withheld
  • the terms of your contract include fees.
• The calculations are made for the current year. They may be made for the following year if the reference rate (calculated using statistics on interest rates) is known.
• Before applying for a temporary income from your financial institution, be sure that your contract includes a temporary income option.