Life income fund (LIF)

Life income fund (LIF)

The LIF is the natural extension of the LIRA (locked-in retirement account). At age 71, the LIRA is transferred into a LIF, which requires its holder to withdraw an amount, a percentage of this investment based on age, and to slowly liquidate accrued amounts and pay income tax that had been deferred. To minimize this impact, please come and see us; our tax expertise will allow us to help you to manage this account and withdrawals better.
 

 
* Mutual funds are distributed through Group Cloutier investments. Please note that mutual funds are not guaranteed. Their values change frequently and past value is not an indication of future performance. Please read the prospectus before investing.