Life income fund (LIF)
Income paid from a LIF must be reported on a T4RIF slip.
If a life annuity is bought from the proceeds of a LIF, the annuity payments have to be reported in box 024 of a T4A slip.
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Income paid from a LIF must be reported on a T4RIF slip.
If a life annuity is bought from the proceeds of a LIF, the annuity payments have to be reported in box 024 of a T4A slip.