Note If a supplement or endorsement is used with the model fund to allow the transfer of included pension funds, send a copy of the addendum or endorsement with your model fund. (For more information on blocked funds, check out years 21 to 26. (LIF) Life Income Fund A non-annuity investment vehicle specifically designed for access to blocked pension and retirement savings funds to provide old-age income. (RRSP) Registered Retirement Savings Plan A Canadian financial planning tool that allows the use of contributions for income tax deductions. The hope is that it will encourage people to save for retirement. (LIRA) Pension accounts blocked A blocked RRSP. To obtain income from LIRA, the funds must be transferred to a life insurance company for the purchase of a life pension, transferred to a retirement plan or used for the purchase of a Life Income Fund (LIF). 27. You may have an agreement with an agent, for example. B an investment agent, which allows the agent to provide you with certain administrative and investment functions. You are not required to file the agency agreement with the model fund.
The representative may be designated as custodian of the securities and, if the securities are registered in the representative`s name, the existence of the agency agreement, the identity of the agent and the contractual number of the RRIF that governs the trust must be clearly disclosed in the securities registration form. (f) if, after April 25, 1995, a trust managed by an RRIF enters into an agreement to acquire or establish an option listed on a compulsory exchange for the acquisition of a shareholding in a company (other than the company)at a price that may deviate from the fair value of the stock at the time of the acquisition of the stock. , the trust is taxable every month in which it is a party to the contract. The tax payable is equal to the amount of dividends paid on the stock on a date of the month in which the Trust is a party to the agreement, reduced by the amount of dividends received by the Trust. 49. Form T2220, transfer of a RRSP or RRIF to another RRSP or RRIF on Marriage Breakdown , is used to request a transfer of property under a written separation agreement or order, an order or a judgment of a competent court concerning the division of property in the event of dissolution of a marriage or partnership.