TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

RESIDUAL LUMP SUM [1 record]

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Alphabetical list of terms

Record 1 2013-08-26

English

Subject field(s)
  • Finance
  • Taxation
CONT

The residual lump-sum payment is usually received within a few months after the RRIF [registered retirement income fund] account has been depleted. Since the residual lump-sum payment and the depletion of the RRIF accounts are two optionable events, the residual lump-sum payment is a considered a multiple event lump-sum payment and the option is granted effective the following month.

French

Domaine(s)
  • Finances
  • Fiscalité

Spanish

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