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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