LIF Quick Calc

Go to the service LIF Quick Calc:  

This service allows you to:

• find out how much life income or temporary income you can draw from your life income fund (LIF)
• make several simulations to evaluate your best withdrawal options, based on your age
• use the results to help choose your financial strategies.

LIF Quick Calc:

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

Important!

• This is a simulation tool: neither our agency nor your financial institution receives any of the data entered.
• The simulation tool calculates the life income and temporary income based on the information 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. As of mid-December, you can also make the calculations for the following year.
• Before applying for a temporary income from your financial institution, be sure that your contract includes a temporary income option.