Posts by Julia Bacci
Life Income Fund (LIF) Designations v. Spousal Entitlement
What is a LIF? In Ontario, a LIF is a registered retirement plan that converts locked-in pension funds into retirement income. Through a LIF, the account holder can designate beneficiaries like any other investment account. Spousal Entitlement Priority Despite the ability of the account holder to designate beneficiaries, spouses of the account holder have first…
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