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.

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