Restricted LIF definition

Restricted LIF means a registered retirement income fund, as defined in subsection 146.3(1) of the Tax Act that meets the requirements set out in section 20.3 of the Regulation;
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Restricted LIF means a RRIF which meets the requirements, where not inconsistent, of a “restricted life income fund” under the Federal Pension Regulations;
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Restricted LIF means a life income fund that is a RIF that meets the requirements set out in section 20.3 of the Regulation;
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Examples of Restricted LIF in a sentence

  • Withdrawals will be permitted from this Restricted LIF in the following cases only, provided all requirements are met, including that You provide Us with all documentation required by the Federal Pension Laws and/or that We may request.

  • By signing below, You acknowledge that You have read, understand and agree that the following general terms and provisions govern the funds held under this Restricted LIF.

  • For the Year in which this Restricted LIF was opened, the Maximum Amount determined above under paragraph i) or ii) must be multiplied by the number of months remaining in that Year and then divided by 12, with any part of an incomplete month counting as one month.

  • You understand that if You are a Pension Plan Member, as certified above, the death benefit provision governing this Restricted LIF will require the Issuer upon your death to pay the Restricted LIF proceeds to your Survivor as defined in this Agreement.

  • Payments during the Year in which this Restricted LIF is opened are at Your option; however, they cannot exceed the Maximum Amount for that Year.

  • If, when this Restricted LIF was opened, part of the Locked-In Funds included funds that had been held in another Restricted LIF You owned earlier in the Year in which the Restricted LIF was established, the Maximum Amount determined is deemed to be zero in respect of that part of this Restricted LIF for that Year.

  • In the Year in which You reach age 90 and in all subsequent Years, the Maximum Amount is the value of this Restricted LIF immediately before the time of the payment.

  • You certify that You have not made a withdrawal in the same Year under paragraph 20.3(1)(m) of the Federal Pension Regulations (i.e., meaning from any Restricted LIF, including this Restricted LIF) or under paragraph 20(1)(d), 20.1(1)(m) or, 20.2(1)(e) of the Federal Pension Regulations, other than within the last 30 days before this certification; B.

  • In Funds: No funds or other property may be transferred into this Restricted LIF unless it is locked-in under the Federal Pension Laws.

  • No funds or other property may be transferred into this Restricted LIF unless it is locked-in under the Federal Pension Laws.

Related to Restricted LIF

  • Restricted List means the list of companies maintained by the Compliance Officer about which the Adviser or its affiliates potentially possess material nonpublic information.

  • Restricted License is any material license or other agreement with respect to which Borrower is the licensee (a) that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in such license or agreement or any other property, or (b) for which a default under or termination of could interfere with the Bank’s right to sell any Collateral.

  • Restricted List Securities means the list of securities that are provided to the Compliance Department by Invesco Ltd. or investment departments, which include those securities that are restricted from purchase or sale by Client or Employee accounts for various reasons (e.g., large concentrated ownership positions that may trigger reporting or other securities regulatory issues, or possession of material, non-public information, or existence of corporate transaction in the issuer involving an Invesco Ltd. unit).

  • restricted road means any of the sides or lengths of roads specified on the Plans where waiting is restricted or specific activities are restricted during the restricted hours provided that the expression “restricted road” shall not include any parking place;

  • Restricted Debt has the meaning set forth in Section 6.04(b).