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;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

LIRA means a locked-in retirement account, being a registered retirement savings plan (within the meaning in the Tax Act) that meets the requirements set out in set out in Directive no. 4 and 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.

• 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.

• 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.

• No payment pursuant to Part 3 of the LIRA Addendum attached shall be made unless and until the Trustee receives releases and other documents as it may reasonably require.

More Definitions of LIRA

LIRA means a locked-in retirement account, that is an RSP that meets the requirements set out in the Directive and the Regulation;

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

LIRA means the lawful currency of the Republic of Italy.

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

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

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 “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.