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CSI Investment Funds in Canada (IFC) Exam IFC Question # 139 Topic 14 Discussion

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CSI Investment Funds in Canada (IFC) Exam IFC Question # 139 Topic 14 Discussion

IFC Exam Topic 14 Question 139 Discussion:
Question #: 139
Topic #: 14

One of your clients, Fernando, is approaching 71 years of age and has a few questions regarding life income funds (LIFs).

Which of the following statements about LIFs is TRUE?
A.

Fernando may make contributions to his LIF if he continues working.

B.

Fernando is free to withdraw any amount from his LIF above the minimum amount.

C.

Fernando can transfer money from his registered retirement savings plan (RRSP) to a LIF.

D.

Fernando can transfer money from his locked-in retirement account (LIRA) to a LIF.

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Actual exam question for CSI IFC exam by Rael44244 at Jan 25, 2026, 1:00:08 PM

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