Income from an LIRA or LIF

If you have a locked-in retirement account (LIRA) or a life income fund (LIF), find out the amounts that you will be able to withdraw.

Your LIRA cannot be used to provide a retirement income. To obtain an income, you must transfer the amounts in your LIRA to an LIF or use the amounts to purchase a life annuity from an insurer.

What you need to know

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Flash Retirement

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Tool for estimating your retirement income

It's free, intelligent and innovative. CompuPension is an effective and useful tool for knowing about the income sources that you will have after retirement.

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