Locked-in Retirement Funds

While there are some exceptions, under the locking-in provisions of the PBSA, money payable to a member of a plan can be used only to provide retirement income, even if the member leaves the plan.

Publications

TypeTitleReference
Newsletter Incorrect jurisdiction of record for locked-in funds2018
Guidance Garnishment, Seizure and Execution2009-011
Guidance Federal Home Buyers Plan2008-007
Guidance No Age Limit for the Purchase of a LIF or an Immediate Annuity 2008-008
Guidance Unlocking for Non-Residents2008-006
FAQ UnlockingFAQ
FAQ Contracts and Addendums (following the changes to the LIF Regulations)FAQ
FAQ FormsFAQ
FAQ One-time 50% unlocking option and the restricted LIFFAQ
FAQ Life Income Fund FAQ
FAQ If I declare personal bankruptcy, can my pension be seized by my creditors? FAQ
FAQ Can a creditor force me to use my federal locked-in RRSP to pay off my debts?FAQ
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