LIRAs and LIFs

This section is for professionals whose duties are related to locked-in retirement accounts (LIRAs) and life income funds (LIFs).

LIRAs and LIFs subject to the Supplemental Pension Plans Act are monitored by Retraite Québec. As such, Retraite Québec must: 

• ensure that the conditions relating to LIRAs and LIFs as eligible transfer instruments are fulfilled
• register the texts of standard LIRA and LIF contracts and any subsequent amendments.

Below is the information that you need to...

• determine which law applies to LIRAs and LIFs 
• find the financial institutions authorized to offer LIRAs or LIFs
• register and revoke standard contracts 
• apply the conditions to refund LIRAs and LIFs
• apply the conditions to transfer amounts from an LIF to an RRSP or an RRIF

To find out more...

• Reference rates for LIFs 
• LIRA and LIF schedules prescribed by regulation 
• Fee schedule 

Other useful links