People who have been escaping the tax man by not paying tax on income from policies such as the above are likely to be caught under this new provision. (policybazaar.com)
It's because the owners of many small businesses and partnerships pay taxes on income from their businesses on their individual income tax return. (policygenius.com)
• prevent the avoidance of tax on income from the insurance of Canadian risks by extending the foreign - affiliate base erosion rules to foreign branches of Canadian life insurers. (canadianlawyermag.com)