Life Income Fund (LIF)

A Life Income Fund (LIF) enables you to convert part or all of your employer's pension plan or of your locked-in retirement account (LIRA), allowing you to receive a regular income once you've retired.

When can I purchase a LIF?

You can purchase it at any time, but at the latest on December 31 of the year in which you turn 71.

How can I withdraw amounts invested in a LIF?

You have 3 options:

• Minimum LIF: you withdraw the minimum amount permitted by legislation.
• Maximum LIF: you withdraw the maximum amount permitted by legislation.
• Fixed Amount LIF: you determine your annuity and payment periods.