LIF contract definition

LIF contract means a contract for a RRIF that includes, as an addendum that forms part of the contract, the addendum set out in Schedule 2 to Division 2 of Part 10, completed in accordance with the instructions set out in that addendum.
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Examples of LIF contract in a sentence

  • Together, this addendum and the RRIF contract to which it is attached form your LIF contract.

  • 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.

  • If during any fiscal year of the plan, additional contributions having never been allocated to an LIF, PRRIF, LRIF or RLIF, or in Alberta a DC RIA, are transferred to this SSQ LIF, additional payments may be permitted under the plan during said fiscal year, subject to the maximum income amount prescribed under applicable pension legislation, as it would have applied would these additional funds have been transferred into a separate LIF contract.

Related to LIF contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Option Contract means a standardised contract the effect of which is that a person acquires the option—

  • Privatization contract or “contract” means an agreement or

  • Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;