Continue to benefit from tax sheltered investment growth with a Life Income Fund (LIF). As a qualified registered pension holder you'll enjoy tax-sheltered growth on your investments with payments made monthly, quarterly, semi-annually or annually. (Minimum and maximum withdrawal amounts apply to LIFs) The amount of the annual minimum payment is determined by the age of the plan holder or his/her spouse. The earliest a member can establish a LIF is 10 years from the normal retirement date as outlined in the pension plan. The LIF funds may come from:
Deposits held in registered savings plans are separately insured from the deposits held in other accounts. All funds held in LIF plans are fully insured through the Deposit Insurance Corporation of Ontario with no limit on the maximum amount.
| 60 - 179 days | 0.50% |
| 180 - 269 days | 1.00% |
| 270 - 364 days | 1.00% |
| 12 to less than 15 months | 1.30% |
| 15 to less than 18 months | 1.30% |
| 18 to less than 24 months | 1.30% |
| 24 to less than 30 months | 1.30% |
| 30 to less than 36 months | 1.65% |
| 3 to less than 4 years | 1.80% |
| 4 to less than 5 years | 1.60% |
| 5 to less than 7 years | 2.20% |
| 7 years | 2.25% |