LIF means a “LIF” or “life income fund” as defined in Pension Legislation;
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;
LIF means the life income fund established by the Issuer for your benefit under this contract. (« FRV »)
Examples of LIF in a sentence
Subject to any restrictions imposed by the Act, the property of the Plan may be transferred to the issuer of an RPP, LIRA, a LIF, or a life annuity.
It is the sole responsibility of the Annuitant to ensure that any such property is a qualified investment for a LIF and to convert any unqualified investment into cash.
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 prescribed retirement savings arrangement, known as 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 Schedule 1 or Schedule 1.1 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;