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Life Income Fund

A Life Income Fund (LIF) 1 is a retirement income plan using locked-in pension money and the owner of the LIF can control the investments held within the fund. In addition to the requirement for a minimum annual withdrawal (like a RRIF), LIFs also set a maximum withdrawal amount.

Your annual withdrawal must be within these minimum and maximum amounts as specified by legislation. In most provinces, when the LIF holder reaches age 80, the LIF must be converted into a life annuity.

GICs

GIC's are generally one to five-year deposits with a bank or other financial institution like a trust or insurance company.

Mutual Funds

Because there are thousands of mutual funds available across Canada in order to assist our clients with creating quality portfolios, we use software to research and select only those mutual funds that meet each client's risk tolerance and portfolio performance objectives.

Before investing, there are number of key details that every investor should first understand about mutual funds.

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Mutual funds are offered through Investia Financial Services Inc. The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered.

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