Life income fund (LIF)


A life income fund, or LIF, is a registered trading account that allows you to relocate your employer-created or group pension, so you can keep trading and growing your money. There is a minimum annual withdrawal, and you only pay tax on what you take out every year rather than on the total value of the account. Your money will continue working and you will be able to schedule a payment plan to get money when you need it.

How does an LIF work for me?

When you retire, your money doesn’t have to stop working too. You can keep trading, withdraw money as needed, and only pay tax on what you withdraw each year.

What can I trade in my LIF?

You can continue to grow your portfolio with stocks, options, ETFs, mutual funds, bonds, exempt market products, and physical gold. By continually monitoring and adjusting your positions throughout the year, you can ensure that you are maximizing the potential of your fund.

Can I keep contributing money to my LIF?

You cannot continue contributing to your LIF, but by actively managing your portfolio, your LIF can continue to grow.