Choose province (Canada) or state (United States), and language

Online services – AccèsD, AccèsD Affaires, online brokerage, full service brokerage.

Log on to Desjardins online services.

You are here: Home > Personal > Savings and investment > Tax-sheltered plans > Life income fund (LIF)

Your browser is configured to not accept cookies. Some features of the site are not available or will not work correctly without cookies. Also, some information presented might not apply to your situation.
See How to enable cookies

Your browser is not supported by our website. Some features of the site are not available or will not work correctly.
See the procedure to update your browser.

Microsoft Edge causes problems on AccèsD. To fix the issue, please install the most recent Windows update.

Life income fund (LIF)

Ensuring income in retirement

  • Annual retirement income
  • Periodic withdrawals as needed (subject to legal minimum and maximum amounts)
  • Lump-sum withdrawals (subject to annual maximum)
  • LIFs are the extension of LIRAs or locked-in RSPs.
  • Income from LIFs is eligible for both federal and provincial pension income tax credits, subject to certain conditions.
  • There is no minimum age for converting your LIRA or locked-in RSP to a LIF.
  • Funds in LIFs cannot be seized1.
  • A portion of the funds in federal and Ontario LIFs can be unlocked, subject to legal conditions and limits.
  • You can transfer all or a portion of your LIRA or locked-in RSP to a LIF no later than December 31 of the year you turn 71.
  • Investments grow tax-sheltered until you withdraw them.
  • At death, a LIF balance is transferred to your surviving spouse or, in certain conditions, to your estate.
  • LIFs can be converted to annuities in whole or in part at any time.
  • Funds you receive from a LIF are part of your annual income.

1. Under certain conditions.

  • Conventional LIF
  • A combination of products: interest is guaranteed and withdrawals are simple
  • Hassle-free
  • Capital 100% guaranteed
  • Zero risk
  • A variety of features and terms
  • Invest in stock markets with a safety net
  • Income and capital security
  • Protection against downturns
  • Guaranteed investment funds from Desjardins Financial Security
  • Access to all markets
  • Portfolio diversification
  • A turnkey solution
  • Regular rebalancing to match your risk tolerance
  • To optimize net after-tax return
  • Initial investment of $100,000
  • Socially responsible investing
  • 4 portfolios that combine ethical and financial benefits
  • Since 1956
  • 6 groups of funds, including specialty funds
  • In step with your values
  • Socially responsible funds, managed by Canada's leader in socially responsible investing


  • With or without the help of an investment advisor
  • Stocks, bonds, exchange-traded funds and more

Learn more about full-service brokerage

Learn more about Disnat online brokerage

2. The Helios2 Contract is offered by a financial security advisor from Desjardins Financial Security (DFS) and will not appear on your integrated caisse statement. Guaranteed Investment Funds are managed by Desjardins Financial Security Life Assurance Company.

3. Desjardins Funds are offered by Desjardins Financial Services Firm Inc., a Desjardins Group company.