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Locked-in Retirement Account (LIRA)

A locked-in retirement account (LIRA) is a savings tool specially designed to receive the amounts acquired under a pension plan (or retirement plan). If you leave or lose your job, the locked-in amounts you have accumulated in your employer’s pension plan may be transferred to a LIRA.

Who Should Consider a LIRA?

Features and Advantages

Products Available

Who Should Consider a LIRA?

Persons wishing to transfer a registered pension plan so that they can exercise a certain amount of control over their investments.

Features and Advantages

You obtain an income tax deferral on your investment income .

Your protection against financial market fluctuations may attain and even exceed 100% of the capital invested.

You can borrow to increase your contributions through the Ecoflex RRSP line of credit.

You can protect your savings against potential creditors*.

*Certain conditions apply.

Under the regulations, a LIRA cannot be redeemed under any circumstances and must be converted to a life income fund (LIF), or another retirement income instrument by December 31 of the year you turn 69.

Products Available

A LIRA permits you to invest in the following investment vehicles:

Daily Interest Funds
For persons wishing to accumulate money to make investments and accumulate interest on a daily basis.

Principal Guaranteed with an Alternative Investment (PGA)


For persons seeking access to new investment strategies and a diversified portfolio with an emphasis on capital security.

Guaranteed Interest Funds


(See the rates in effect.)
For persons seeking capital protection and a stable return.

Investment Funds


For all types of investors, from cautious to aggressive, who are seeking sound diversification of their investments. No matter what the investment horizon, our wide range of investment funds can satisfy the needs of every investor.




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