LIF definition

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

LIF means a life income fund that is a registered retirement income fund (within the meaning in the Tax Act), and that meets the conditions set out in Directive no. 5 and the Regulation;

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

Examples of LIF in a sentence

NOW IT IS HEREBY UNDERSTOOD AND AGREED, by and between the Annuitant and the Financial Institution, that the full amount of funds transferred from to the Contract, inclusive of all future investment earnings and gains or losses accruing thereto, shall be governed firstly by the terms and provisions of the attached Schedule 2 – Life Income Fund (British Columbia LIF) Addendum (the “Addendum”) and thereafter by the Contract as approved by CRA from time to time.

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

LIF means a RRIF that meets the requirements of either Schedule 1 or Schedule 1.1 of the Regulation;

LIF means a plan which has been registered as a registered retirement income fund under the Tax Act and which meets the requirements (where not inconsistent) of Québec Pension Law.

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