Locked-in retirement account (LIRA)
Your share of your former employer's pension fund is yours
- No further contributions can be made
- Withdrawals before retirement are permitted only under exceptional circumstances
- Capital is placed in a tax-sheltered investment
- Funds are transferred from your former employer's retirement plan
- At death, a LIRA balance is transferred to your surviving spouse or, in certain conditions, to your estate
- Funds in LIRAs cannot be seized
- You can convert all or part of your LIRA to an annuity or a LIF at any time up to the last day of the year you turn 71
Ideal for building up the minimum deposit you need to buy an investment
- Zero risk
- A variety of features and terms
- Invest in stock markets with a safety net
- Income and capital security
- Recognized fund managers
- Easy access to all markets
- Portfolio diversification
Securities
- With or without the help of an investment advisor
- Stocks, bonds, exchange-traded funds and more
1. Desjardins Funds are offered by Desjardins Financial Services Firm Inc., a Desjardins Group company.