Locked-In Registered Income Fund (1)

Continue to benefit from tax sheltered investment growth with a Locked-in Retirement Income Fund (LRIF). As a qualified registered pension holder you'll enjoy tax-sheltered growth on your investments with minimum payments made monthly, quarterly, semi-annually or annually. The amount of the annual minimum payment is determined by the age of the plan holder or his/her spouse. The earliest a member can establish a LRIF is 10 years from the normal retirement date as outlined in the pension plan. The LRIF funds may come from:

  1. A Locked In Retirement Account (LIRA)
  2. Directly from an eligible pension plan
  3. Another LRIF under Ontario pension jurisdiction

All deposits are insured for up to $100,000 per plan through the Deposit Insurance Corporation of Ontario.

Effective May 3, 2008

60 - 89 days2.15%
90 - 179 days2.25%
180 - 364 days2.35%
12 - 18 months3.20%
18 - 24 months3.25%
2 to less than 3 years3.40%
3 to less than 4 years3.50%
4 to less than 5 years3.70%
5 to less than 7 years3.80%
7 years3.80%

Mutual Funds are offered through Qtrade Asset Management Inc., member MFDA.

All interest rates subject to change without notice.

(1) Minimum interest paid per payment period - 75¢. All rates stated are per annum. All CDN$ term deposits, RRSPs, RRIFs, RESPs, and LRIFs have a $500 minimum. On non-redeemable term deposits, interest is paid or compounded annually.

continue to grow your savings while your retired