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

  • The Company sponsors a Group Registered Retirement Savings Plan (“RRSP”) for all qualified employees.

  • The Company sponsors a Group Registered Retirement Savings Plan ("RRSP") for all qualified employees.

  • During the Term, the Corporation will match the Executive’s Registered Retirement Savings Plan (“RRSP”) contributions, up to the applicable annual Canada Revenue Agency RRSP Money Purchase Limit (i.e., CAD$29,210 for 2022) for the fiscal year, with such matching amount not to exceed six percent (6%) of Base Salary (pro rated to reflect service in the fiscal year).

  • For greater certainty, each Participant is solely responsible for any taxes, penalties and other charges that are imposed in the event that the amounts paid or credited to the Participant’s Tax Free Savings Account or Registered Retirement Savings Plan in a Plan Year exceed the “TFSA dollar limit” or “RRSP Deduction Limit”, as the case may be, for such Plan Year, and the Corporation shall not be responsible for any such taxes, penalties or other charges.

  • The undersigned acknowledges that the Corporation will deduct and withhold all applicable Withholding Taxes from amounts directed to the undersigned’s Vested Account, Tax Free Savings Account and/or Registered Retirement Savings Plan.


More Definitions of Registered Retirement Savings Plan

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 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 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 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. — 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 a retirement savings plan that is registered under the Income Tax Act.
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