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

Deposits held in registered savings plans are separately insured from the deposits held in other accounts. All deposits made to RSP plans are fully insured through the Deposit Insurance Corporation of Ontario with no limit on the maximum amount.

Effective March 2, 2010

60 - 89 days0.50%
90 - 179 days0.60%
180 - 364 days0.70%
12 - 18 months1.20%
18 - 24 months1.35%
2 to less than 3 years1.60%
3 to less than 4 years2.40%
4 to less than 5 years2.70%
5 to less than 7 years3.05%
7 years3.40%

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