Example
Convert LIRA to LIF at retirement → must withdraw between (e.g.) $4,000 and $10,000/yr depending on age and balance.
CRA source: Provincial pension legislation
Disclaimer: Plain-language summary for educational purposes. Canada Tax Planner is software, not a tax professional. Consult a CPA before filing decisions involving incorporation, multi-province residency, or amounts above $5,000. Not affiliated with the Canada Revenue Agency.