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 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;

Examples of LIF in a sentence

Some or all of the amount transferred or to be transferred to this LIF is attributable, directly or indirectly, to a pension benefit credit or funds in a PRPP account that my current or former spouse or common-law partner earned as a member of a pension plan or a member of a pooled registered pension plan.
We agree that the terms and conditions of this addendum, together with the terms and conditions of the RRIF contract to which this addendum is attached, form the LIF contract between us.
A life income fund (LIF) is a registered retirement income fund (RRIF) to which the additional terms and conditions in this addendum apply.
As owner, you may set your annual income from the LIF, but it cannot be less than the minimum required by the Income Tax Act (Canada), and it cannot be more than the maximum determined by a formula in this addendum.
Together, this addendum and the RRIF contract to which it is attached form your LIF contract.

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 section 18 of the Regulation;

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

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

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

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.