Sentences with phrase «annual pension credit»

The first is the $ 2,000 annual pension credit, which first appeared on my personal tax return when I did my calendar 2015 taxes.

You certainly want to receive the annual $ 11,474 (in 2016) of the tax - free zone called the Basic Personal Amount, plus for those who qualify, the $ 2,000 annual Pension Credit; and for those 65 or older the $ 7,125 federal Age Credit (in 2016) further expands the tax - free or very low tax zone that many new or semi-retirees may occupy between their 60s and 71.

Not exact matches

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

If he retired on that salary and the 22 years of credit for serving in the legislature, he would have made an annual pension of about $ 11,260.

Specifically, splitting 30 years of service credit between two jobs delays the first pension draw and can also affect the replacement rate (the annual pension as a percentage of FAS).

You say: ■ Some people create a small RRIF account at age 65 in order to make annual $ 2,000 withdrawals which will qualify for the pension credit.

Defined Benefit Pension Plan — 5 % of your annual salary is added to your pension account each year — fully funded by the creditPension Plan — 5 % of your annual salary is added to your pension account each year — fully funded by the creditpension account each year — fully funded by the credit union!

Some people create a small RRIF account at age 65 in order to make annual $ 2,000 withdrawals which will qualify for the pension credit.

RRIF withdrawals after the age of 65 also qualify for the pension income tax credit, which is an annual opportunity to draw $ 2,000 each tax - free, or close to it, from your RRSPs.

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