Locked-In Retirement Income Accounts

These pages focus on locked-in retirement account terms that matter when pension assets move into individual retirement-income structures.

In this section

• Life Income Fund (LIF): Definition, Withdrawals, and Key Information
  A comprehensive guide to Life Income Funds (LIFs) in Canada, covering their definition, how withdrawals work, and essential information for retirees.
• Locked-In Retirement Account (LIRA)
  Canadian account used to hold pension assets transferred out of a registered pension plan while keeping them locked in for retirement use.
• Locked-In Retirement Income Fund (LRIF)
  Canadian retirement-income vehicle that pays withdrawals from locked-in pension assets under regulated withdrawal rules.
• Registered Retirement Income Fund (RRIF)
  Canadian retirement-income account used to convert accumulated registered savings into taxable retirement withdrawals.