TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LOCKED-IN RRSP [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2021-01-26

English

Subject field(s)
  • Investment
  • Social Security and Employment Insurance
  • Pensions and Annuities
DEF

[An] RRSP where the funds are subject to pension legislation [and] must be used to purchase a life annuity or be transferred to a LIF [life income fund] by the end of the year during which the owner … reaches age 71, at the latest.

OBS

The locked-in RRSP is also known as the LIRA (locked-in retirement account) in most provinces as both plans are similar.

French

Domaine(s)
  • Investissements et placements
  • Sécurité sociale et assurance-emploi
  • Pensions et rentes

Spanish

Campo(s) temático(s)
  • Inversiones
  • Seguridad social y seguro de desempleo
  • Pensiones y rentas
Save record 1

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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