LIF definition

LIF means a “LIF” or “life income fund” as defined in Pension Legislation;

LIF means the life income fund established by the Issuer for your benefit under this contract. (« FRV »)

LIF or “life income fund” means a registered retirement income fund that is a registered retirement savings arrangement as defined in clause 2(as) of the Act and meets the requirements in Sections 205 to 210 and Schedule 4: Nova Scotia LIF Addendum;

Examples of LIF in a sentence

• Well known are the Xxxxxxx-Xxxxxx (HH) (Xxxxxx, 1952), the leaky integrate-and-fire (LIF) and the Izhikevich (IZH) (Xxxxxxxxxx, 2003).

• Subject to any restrictions imposed by the Act and by Pension Legislation, and after payment to the Annuitant of the minimum amount for the year, the property of the Fund may be transferred to a LRSP, a LIF or an RLIF, or used to purchase a life annuity in accordance with paragraph 60(l) of the Act.

• From time to time, the Trustee may amend the Declaration of Trust (including this Addendum), if the amendment does not disqualify the Fund as a LIF and if the amendment is filed with and approved by Canada Revenue Agency.

• If Pension Legislation permits or requires the surviving Spouse to receive a life annuity rather than a lump sum payment, the surviving Spouse may instruct the Trustee to transfer the property of the Fund to an LRSP, a LIF, an RLIF or life annuity as permitted by Pension Legislation and paragraph 60(l) of the Act.

More Definitions of LIF

LIF means a life income fund, being an RIF that meets the requirements set out in section 22 of the Regulation;

LIF means a RRIF which meets the requirements, where not inconsistent, of a “life income fund” under the Federal Pension Regulations;

LIF means a registered retirement income fund, as defined in subsection 146.3(1) of the Tax Act that meets the requirements set out in section 20.1 of the Regulation;

LIF means a registered retirement income fund established in accordance with the Tax Act that is locked-in in accordance with the Regulations and meets the conditions set out in the Directive, known as a Life Income Fund;

LIF means an arrangement which has been registered as a registered retirement income fund under the Tax Act and which meets the requirements of the Pension Rules including, without limitation, section 22 of the Regulations with respect to life income funds;

LIF means a “LIF”, “life income fund” or “life income fund” contract as defined in pension legislation, other than a RLIF;

LIF means the life income fund established by the Issuer for your benefit under this contract. («FRV»)