Life Income Fund
A life income fund (LIF) is a specific type of Registered Retirement Income Fund (RRIF) from which you can draw retirement income. The amount in a LIF originates from a supplemental pension plan. Unlike the RRIF which has no withdrawal maximum, you cannot withdraw more than an authorized maximum amount each year from a LIF. Like the RRIF you must withdraw the minimum required under tax rules. You are not required to make a withdrawal during the year in which the LIF is opened.
You can transfer your LIF to Fisgard anytime. Just call, and we'll do it for you.
Start small if you wish. Open an account with just $1,000.
Click here for our Retirement Calculators.