Transfer your money tax-free for retirement income.
Is this savings fund for you?
Main feature :Tax-sheltered investment income
Total or partial withdrawal :Lump sum withdrawals possible; periodic withdrawal within the minimum and maximum limits set by law
Federal and Ontario LIFs :A part of the funds may be released subject to legal conditions and limits
Several investments are LIF-eligible. Select the investments that best suit your profile. However, you must make sure that your LIF portfolio includes at least one investment from which you can make regular withdrawals and, if required, lump-sum withdrawals.
|Personalized Annuity LIF||
|Market-linked Guaranteed Investments LIF||
|LIF-Annuity combination||An attractive option for some people.
|Retirement income amount and frequency||
A LIF does not have to be converted into an annuity when you turn 80. You must convert your LIRA or Locked-In RSP into a LIF no later than December 31 of the year you turn 71.
You only have a LIRA or Locked-In RSP if you have left a job or retired before age 55 and transferred the funds in your name from a company pension plan to one of these accounts.
To help you achieve your retirement goals, the Caisse populaire Guaranteed Investment Funds will provide you with a guaranteed and predictable income, regardless of market fluctuations.