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).