A man convicted for his role in a triple murder on Christmas Eve in 1987 has been granted full parole.

Jon Waluk was convicted of first-degree murder in the killings.

The parole board issued a report on May 25, which pointed to the Correctional Service of Canada assessing Waluk's "overall level of risk as manageable on both day and full parole."

The 63-year-old Waluk, who is in deteriorating health, plans to support himself through his investments.

He was previously granted full parole in 2008 but was suspended less than a year later for being suspected of selling illegal cigarettes.

The parole board imposed some conditions on the new round of full parole, including that Waluk abstain from alcohol and drugs and be required to attend counselling.