Reference rates for LIFs
The reference rate for calculating the maximum withdrawal from a
LIF is
6% in 2024. It varies each year.
- 2023: 6.0%
- 2022: 6.0%
- 2021: 6.0%
- 2020: 6.0%
- 2019: 6.0%
- 2018: 6.0%
- 2017: 6.0%
- 2016: 6.0%
- 2015: 6.0%
- 2014: 6.0%
- 2013: 6.0%
- 2012: 6.0%
- 2011: 6.0%
- 2010: 6.0%
- 2009: 6.0%
- 2008: 6.0%
- 2007: 6.0%
- 2006: 6.0%
- 2005: 6.0%
- 2004: 6.0%
- 2003: 6.0%
- 2002: 6.5%
- 2001: 6.0%
- 2000: 6.5%
- 1999: 6.0%
- 1998: 6.5%
At the beginning of each year, the financial institution calculates the minimum and maximum amounts that can be withdrawn from the
LIF during the year. The maximum is obtained by multiplying the factor provided in
Schedule 0.6 of the Regulation respecting supplemental pension plans 
, according to the age and reference rate, by the balance of the
LIF at the beginning of the year or at the time the account was opened. If a temporary income is requested, the maximum is calculated differently.