Optiml
How it Works
FAQAboutPricing
Log inStart Free Trial
Back to Investments

Life Income Fund (LIF)

Convert Your Locked-In Savings to Retirement Income

Minimum Annual Withdrawal

Based on Age & Balance

Maximum Annual Withdrawal

Provincial Limits Apply

Your Path to Retirement Income

A Life Income Fund (LIF) is a registered retirement income option that lets you convert your locked-in retirement savings into a steady stream of retirement income. It provides flexibility in managing your retirement funds while ensuring they last throughout your retirement years.

Key Benefits of a LIF

Flexible Income

Choose your annual withdrawal amount within prescribed minimum and maximum limits.

Tax-Efficient

Investment earnings continue to grow tax-deferred until withdrawal.

Investment Control

Maintain control over your investment choices while receiving retirement income.

Lifetime Income

Structured to provide retirement income throughout your lifetime.

Managing Your LIF

Income Planning

Balance your withdrawal needs with investment growth to ensure long-term sustainability.

Investment Strategy

Choose investments that align with your income needs and risk tolerance.

Withdrawal Rules

Understand and plan around annual minimum and maximum withdrawal limits.

Tax Considerations

Manage withdrawals strategically to optimize your tax situation in retirement.

Estate Options

Plan for the transfer of remaining assets to beneficiaries or conversion to other retirement income options.

Optimize Your LIF

Plan your retirement income strategy

Optiml Logo

Empowering Canadians to take control of their financial future.

Better Business Bureau Logo

BBB RATING: A+

Platform

FeaturesCalculatorLearnResourcesUpdates

© 2025 Optiml. All rights reserved.