LIRA definition

LIRA means a “LIRA” or “locked-in retirement account” as defined in Pension Legislation and, where those terms are not defined, means a registered retirement savings plan that satisfies the conditions under Pension Legislation for receiving funds that originate from an RPP;

LIRA means the locked-in retirement account established by the Issuer for your benefit under this contract. (« CRI »)

LIRA means a prescribed retirement savings arrangement, known as a locked-in retirement account, that is an RSP that meets the conditions set out in Schedule 3 of the Regulation;

Examples of LIRA in a sentence

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

• Only property representing locked-in funds originating directly or indirectly from an RPP, a LIRA, a life annuity the capital of which originated from an RPP, or another source permitted by the Act and Pension Legislation from time to time, may be transferred to the Plan.

• The Trustee will maintain the Plan as a LIRA according to the requirements of the Pension Act, the Regulation and the Income Tax Act (Canada).

• If locked-in Plan Assets are transferred to the Plan in accordance with applicable provincial or federal pension legislation, the additional provisions contained in the Locked-In Retirement Account ("LIRA") or Locked-In Retirement Savings Plan ("LRSP") addendum (the "Addendum") to this Declaration of Trust will form part of this Declaration of Trust and will govern the Plan Assets.

• Only property representing locked-in funds originating, directly or indirectly, from an RPP, a LIRA, a life annuity the capital of which originated from an RPP, or another source permitted by the Act and Pension Legislation from time to time, may be transferred to the Fund.

More Definitions of LIRA

LIRA means a locked-in retirement account, that is a RSP that meets the requirements of subsection 21 of the Regulation relating to locked-in retirement accounts;

LIRA means the lawful currency of the Republic of Italy.

LIRA means a plan which has been registered as a registered retirement savings plan under the Tax Act and which meets the requirements (where not inconsistent) of section 29 of the Pension Regulations;

LIRA means a RSP that meets the conditions set out in the Schedule 3, and in the Act and the Regulations;

LIRA means the locked-in retirement account established by the Issuer for your benefit under this contract. (“CRI”)

LIRA means an RRSP which meets the requirements, where not inconsistent, of a “locked-in retirement account” under Schedule 3;

LIRA means a “locked-in retirement account” as defined under the Tax Act. “LRIF” means a “locked-in retirement income fund" as defined under the Tax Act. “Manager” means Liahona Capital Inc.