Registered Retirement Savings Plan definition

Registered Retirement Savings Plan or “RRSP” means a Contract registered under the Income Tax Act and established as a “retirement savings plan” for tax purposes;
Registered Retirement Savings Plan means a deposit held in a registered retirement savings plan;
Registered Retirement Savings Plan means a “registered retirement savings plan” within the meaning of the Tax Act established for a Vested Participant pursuant to Section 5.01 on terms acceptable to the Corporation.

Examples of Registered Retirement Savings Plan in a sentence

  • Payments into the Plan or Trust Fund shall be made monthly and shall be in the amount of 20% of the retiring faculty member's pre-retirement monthly salary without allowance, and shall continue until the full retirement allowance is paid or, in the case of a Registered Retirement Savings Plan, until the legislated allowable limit for deposit has been reached, whichever comes first.

  • The Employers and the Union mutually agree to work towards creation of a Group Registered Retirement Savings Plan (GRRSP) by January 1, 2003.

  • Each full-time employee and part-time employee having six (6) months’ of continuous service shall establish an individually vested plan with the ONA Group Registered Retirement Savings Plan.

  • The retirement allowance determined in keeping with the above shall be paid into a pre-designated Registered Retirement Savings Plan (within legislated allowable levels) or Trust Fund in the name of the retired faculty member, to provide, at the discretion of the retired faculty member, a bridging pension income on or after age 55.

  • The retirement bonus may be paid in cash or by transfer to an employee’s Registered Retirement Savings Plan (RRSP), at the employee’s option.


More Definitions of Registered Retirement Savings Plan

Registered Retirement Savings Plan means an investment option qualified for such purposes under the Income Tax Act (Canada), as may be amended from time to time.
Registered Retirement Savings Plan means a plan accepted as such by the Minister of Revenue of Canada for the purposes of the Income Tax Act and the registration of which is in force ;” ;
Registered Retirement Savings Plan or “RRSP” means a Contract registered under the Income Tax Act and established as a “retirement savings plan” for tax purposes. See Section 6 of the Contract for further details;
Registered Retirement Savings Plan. — means, in relation to a Service Provider, a registered retirement savings plan established for the sole benefit of that Service Provider.
Registered Retirement Savings Plan or "RRSP" means any instrument, security, or vehicle to which monies from a Registered Pension Plan may be transferred, or which a Registered Pension Plan may purchase on behalf of a specific person, without attracting liability for income tax. Without restricting the generality of the foregoing, the term RRSP shall include a Registered Pension Plan, a registered retirement savings plan within the meaning of the Income Tax Act, and a deferred or immediate life annuity contract issued by any body licensed to carry on an annuities business in Canada. When the phrase "transfer to" is used in the context of an RRSP which is a life annuity contract, it shall be understood to mean "purchase";
Registered Retirement Savings Plan of an Eligible Person means a "registered retirement savings plan" (as defined in the Income Tax Act (Canada), as the same may be amended from time to time, or any successor legislation thereto) established by an Eligible Person as the applicant therefor and in respect of which the Eligible Person is the individual for whom a retirement income is to be provided thereunder; and
Registered Retirement Savings Plan or "RRSP" means a retirement savings plan that is registered under the Income Tax Act.