LIF Quick Calc

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.

Go to the service LIF Quick Calc: This link will open a new window. 

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 LIFssubject 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.
Notice to disabled persons

This online service may contain barriers to accessibility. You can call us for assistance. Return to footnote referrer

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