Sentences with phrase «income tax act since»

Income tax benefit on the premium paid to the policyholder under Income Tax Act since the basic Sum Assured is 10 times the Annualized Premium.

Not exact matches

Since 1999, section 120.4 of the Income Tax Act has already cut back on income sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under aIncome Tax Act has already cut back on income sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under age Tax Act has already cut back on income sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under aincome sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under age tax» rules, which makes it difficult to sprinkle income to children under aincome to children under age 18.

The Income Tax Act (ITA) has made provision for these since 1957, with support taking the form of tax deductible contributions within specific limits and the non-taxation of investment income while savings are accumulIncome Tax Act (ITA) has made provision for these since 1957, with support taking the form of tax deductible contributions within specific limits and the non-taxation of investment income while savings are accumulatiTax Act (ITA) has made provision for these since 1957, with support taking the form of tax deductible contributions within specific limits and the non-taxation of investment income while savings are accumulatitax deductible contributions within specific limits and the non-taxation of investment income while savings are accumulincome while savings are accumulating.

And using offshore accounts or holding companys aren't particularly effective methods for shielding income for tax purposes (since offshore accounts are subject to a whole whack of anti-avoidance rules and holding companys are typically subject to more or less the same tax rate as people in the top marginal tax bracket - the Tax Act has tightened up a lot since the 1960s so there really aren't that many «loopholes»tax purposes (since offshore accounts are subject to a whole whack of anti-avoidance rules and holding companys are typically subject to more or less the same tax rate as people in the top marginal tax bracket - the Tax Act has tightened up a lot since the 1960s so there really aren't that many «loopholes»tax rate as people in the top marginal tax bracket - the Tax Act has tightened up a lot since the 1960s so there really aren't that many «loopholes»tax bracket - the Tax Act has tightened up a lot since the 1960s so there really aren't that many «loopholes»Tax Act has tightened up a lot since the 1960s so there really aren't that many «loopholes»).

In light of these challenges, The Shattered Mirror calls for the modernization of Section 19 of the Income Tax Act, which has existed since 1965 and creates a tax advantage for advertising in Canadian newspapers, magazines and broadcast outlets over foreign onTax Act, which has existed since 1965 and creates a tax advantage for advertising in Canadian newspapers, magazines and broadcast outlets over foreign ontax advantage for advertising in Canadian newspapers, magazines and broadcast outlets over foreign ones.

In addition, under the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA), there have been no income limits on Roth conversions of traditional IRAs since 2010.

Since 2013, however, you could owe a 3.8 % Medicare tax on some or all of your net investment income (as part of the Affordable Care Act).

But even without added rates on higher incomes, the top 1 % share has averaged around 35 % since the Tax Reform Act was fully effective in 1997 — up from 25 % when Gov. Mario Cuomo left office.

This thing (Income Tax Law) came into effect 1st January and the Bill has been passed since September, it became an Act assented by the President September 1st waiting for it to take effect this year.

Since 1999, section 120.4 of the Income Tax Act has already cut back on income sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under aIncome Tax Act has already cut back on income sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under age Tax Act has already cut back on income sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under aincome sprinkling through the so - called «kiddie tax» rules, which makes it difficult to sprinkle income to children under age tax» rules, which makes it difficult to sprinkle income to children under aincome to children under age 18.

Since its inception in 1986, the «kiddie tax» — a special tax law created as part of the Tax Reform Act of 1986 — has undergone changes in its attempt to collect tax income that would otherwise be out of the reach of the Internal Revenue Service (IRtax» — a special tax law created as part of the Tax Reform Act of 1986 — has undergone changes in its attempt to collect tax income that would otherwise be out of the reach of the Internal Revenue Service (IRtax law created as part of the Tax Reform Act of 1986 — has undergone changes in its attempt to collect tax income that would otherwise be out of the reach of the Internal Revenue Service (IRTax Reform Act of 1986 — has undergone changes in its attempt to collect tax income that would otherwise be out of the reach of the Internal Revenue Service (IRtax income that would otherwise be out of the reach of the Internal Revenue Service (IRS).

Second, since January 1, 2010, the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) allows for the conversion of a Traditional IRA to a Roth IRA without any income restrictions.

AND The receiving plan complies with all conditions applicable to registering Education Savings Plans (ESPs) since January 1, 1999, as required by the Income Tax Act (ITA).

«Essentially, McGuinty is telling high - income earners that they are not wanted in Ontario,» Thomas said adding that both the Liberals and NDP have violated the Taxpayer Protection Act since they did not file the tax - raising plan with the Chief Electoral Officer.

Disputes over support obligations require both parties to comply with their disclosure obligations, since both the Family Law Act and the Federal Child Support Guidelines both require the court to make determinations about a person's income based on their tax information, but the Income Tax Act does not permit a court to obtain that information directly from Canada Reincome based on their tax information, but the Income Tax Act does not permit a court to obtain that information directly from Canada Reventax information, but the Income Tax Act does not permit a court to obtain that information directly from Canada ReIncome Tax Act does not permit a court to obtain that information directly from Canada RevenTax Act does not permit a court to obtain that information directly from Canada Revenue.

Generally, using an SLP should not raise major tax issues in the UK, since specific legislation has been enacted to preserve equality of treatment betweenScotland and England in respect of, for example, computation of partnership profits (Income and Corporation Taxes Act [ICTA] 1988, section 111 [1]-RRB-; capital gains (TCGA 1992, section 59 [1][a]-RRB-; relevant investments (Income Tax Act [ITA] 2007, section 856); and accrued income [ITA 2007, section 675 [3]-RRtax issues in the UK, since specific legislation has been enacted to preserve equality of treatment betweenScotland and England in respect of, for example, computation of partnership profits (Income and Corporation Taxes Act [ICTA] 1988, section 111 [1]-RRB-; capital gains (TCGA 1992, section 59 [1][a]-RRB-; relevant investments (Income Tax Act [ITA] 2007, section 856); and accrued income [ITA 2007, section 675 [3]Income and Corporation Taxes Act [ICTA] 1988, section 111 [1]-RRB-; capital gains (TCGA 1992, section 59 [1][a]-RRB-; relevant investments (Income Tax Act [ITA] 2007, section 856); and accrued income [ITA 2007, section 675 [3]Income Tax Act [ITA] 2007, section 856); and accrued income [ITA 2007, section 675 [3]-RRTax Act [ITA] 2007, section 856); and accrued income [ITA 2007, section 675 [3]income [ITA 2007, section 675 [3]-RRB-.

Since 1995, the Large Corporation Rules of the Income Tax Act have applied to discourage large corporations from objecting to tax assessments as a means of keeping tax years «open.&raqTax Act have applied to discourage large corporations from objecting to tax assessments as a means of keeping tax years «open.&raqtax assessments as a means of keeping tax years «open.&raqtax years «open.»

The Court also declined to exercise its discretion to quash the order on the ground that the section of the Income Tax Act under which the order was made, has since been amended to eliminate the court's ability to grant such orders on an ex parte basis.

Since the introduction in 2004 of a 10 - year limitation period for interest and penalty relief under subsection 220 (3.1) of the Income Tax Act, the CRA has administered the provision as if the 10 - year period for applying for relief expires on December 31st of the 10th year following the taxation year assessed (i.e., December 31, 2010 for taxation year 2000).

Life insurance policies may serve as good tax planning tools since the premium which is paid by policy holders is something that is eligible for certain tax benefits that are listed under Section 80 (c) in the Income Tax Act of 19tax planning tools since the premium which is paid by policy holders is something that is eligible for certain tax benefits that are listed under Section 80 (c) in the Income Tax Act of 19tax benefits that are listed under Section 80 (c) in the Income Tax Act of 19Tax Act of 1961.

Since the premium on term insurance riders is added to the base premium of the term plan, it is deductible under section 80C as per Income Tax Act.

Since digital currencies are not in the form of cash, their value can be determined to verify an amount accrued or received as envisioned in the definition of «gross income» in the Income Taincome» in the Income TaIncome Tax Act.