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;
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 Directive no. 4 and the Regulation;

Examples of LIRA in a sentence

  • 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.

  • 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.

  • 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.

  • With regard to the General Aviation Carriers shall comply with the provisions contained in the relevant Notam in force or as may be published in A.I.P. AD2 LIRA.

  • The Trustee will maintain the Plan as a LIRA according to the requirements of the Pension Act, the Regulation and the Income Tax Act (Canada).


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 lawful currency of the Republic of Italy.
LIRA or “locked-in retirement account” means a registered retirement savings plan that is a registered retirement savings arrangement as defined in clause 2(as) of the Act and meets the requirements in Sections 200 to 204 and Schedule 3, and includes a registered retirement savings plan established under a contract made before January 1, 2003, for the purposes of a transfer under the former Act;
LIRA means a prescribed retirement savings arrangement, known as a locked-in retirement account, that is a registered retirement savings plan, within the meaning in the Tax Act, that meets the conditions set out in Schedule 3 of subsection of the Regulation;
LIRA means the locked-in retirement account established by the Issuer for your benefit under this contract.
LIRA means an arrangement which has been registered as a registered retirement savings plan under the Tax Act and which meets the requirements of the Pension Rules including, without limitation, section 21 of the Regulations with respect to locked-in retirement accounts;
LIRA means a RSP that meets the conditions set out in the Schedule 3, and in the Act and the Regulations;