Common use of Non-Resident Clause in Contracts

Non-Resident. The Annuitant may withdraw all or part of the money in the Fund as a lump sum, upon application by the Annuitant to the Trustee in accordance with subsections 28.4 of the Regulation, if the following conditions are met: i) the Annuitant has ceased to be a resident of Canada for at least two calendar years and has ceased employment with the employer who is a party to the pension plan or ceased membership in a multi-employer pension plan. For this purpose, the Annuitant shall be deemed to have been a resident of Canada throughout a calendar year if the Annuitant has sojourned in Canada in the year for a period of, or periods the total of which is, 183 days or more; and ii) the Annuitant files with the Trustee written evidence that the Canada Revenue Agency has determined the Annuitant to be a non-resident of Canada for the purposes of the Tax Act.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

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Non-Resident. The Annuitant may withdraw all or part of the money in the Fund Account as a lump sum, upon application by the Annuitant to the Trustee in accordance with subsections 28.4 of the Regulation, if the following conditions are met: i) the Annuitant has ceased to be a resident of Canada for at least two calendar years and has ceased employment with the employer who is a party to the pension plan or ceased membership in a multi-employer pension plan. For this purpose, the Annuitant shall be deemed to have been a resident of Canada throughout a calendar year if the Annuitant has sojourned in Canada in the year for a period of, or periods the total of which is, 183 days or more; and ii) the Annuitant files with the Trustee written evidence that the Canada Revenue Agency has determined the Annuitant to be a non-resident of Canada for the purposes of the Tax Act.

Appears in 3 contracts

Samples: Account Terms and Conditions, Account Terms and Conditions, Account Terms and Conditions

Non-Resident. The Annuitant may withdraw all or part of the money assets in the Fund Account as a lump sum, upon application by the Annuitant to the Trustee in accordance with subsections subsection 28.4 of the Regulation, if the following conditions are met: (i) the Annuitant has ceased to be a resident of Canada for at least two calendar years and has ceased employment with the employer who is a party to the pension plan or ceased membership in a multi-employer pension plan. For this purpose, the The Annuitant shall will be deemed to have been a resident of Canada throughout a calendar year if the Annuitant he or she has sojourned in Canada in the year for a period of, or periods the total of which is, 183 days or more; and (ii) the Annuitant files with the Trustee written evidence that the Canada Revenue Agency has determined the Annuitant him or her to be a non-resident of Canada for the purposes of the Tax Act.

Appears in 2 contracts

Samples: Supplementary Agreement, Locked in Retirement Savings Plan Addendum

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Non-Resident. The Annuitant may withdraw all or part of the money in the Fund as a lump sum, upon application by the Annuitant to the Trustee in accordance with subsections 28.4 of the Regulation, if the following conditions are met: (i) the Annuitant has ceased to be a resident of Canada for at least two calendar years and has ceased employment with the employer who is a party to the pension plan or ceased membership in a multi-employer pension plan. For this purpose, the Annuitant shall be deemed to have been a resident of Canada throughout a calendar year if the Annuitant he or she has sojourned in Canada in the year for a period of, or periods the total of which is, 183 days or more; and (ii) the Annuitant files with the Trustee written evidence that the Canada Revenue Agency has determined the Annuitant him or her to be a non-resident of Canada for the purposes of the Tax Act.

Appears in 2 contracts

Samples: Restricted Life Income Fund Addendum, Life Income Fund Addendum

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