Characteristics of a life income fund (LIF)

Important notice - 2021

COVID-19

See our Frequently Asked Questions for details on the temporary easing measure we have implemented regarding LIF withdrawals during the COVID-19 pandemic.

Please note that our LIF Quick Calc tool, which makes it possible to determine the amounts that you can withdraw from an LIF, does not take into account the measure and will not be modified during the outbreak.

A life income fund is a special registered retirement income fund (RRIF) into which a person can transfer the amounts that are in his or her supplemental pension plan or locked-in retirement account (LIRA).

Unlike RRIFs, which have no ceiling on withdrawals, it is not possible to withdraw from an LIF more than the maximum authorized for the year.

To receive a retirement income from an LIF

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