Sentences with phrase «at income tax act»

This program looks at Income Tax Act provisions and how these affect the farmer.

Not exact matches

«It will add more complexity and more unfairness to the tax system and provide lots of litigation business to tax lawyers and add pages and pages to the Income Tax Act, already at 50,000 pagtax system and provide lots of litigation business to tax lawyers and add pages and pages to the Income Tax Act, already at 50,000 pagtax lawyers and add pages and pages to the Income Tax Act, already at 50,000 pagTax Act, already at 50,000 pages.

At the same time, a recent reform to Canada's Income Income Tax Act has made it as easier for U.S. venture capital firms to invest in Canadian startups.

The Tax Cuts and Jobs Act went into effect at the beginning of the year, touting a reduction in federal income rates across the board.

Frances, At least in Canada, the ability to arrange for deferred compensation schemes is limited by various provisions of the Tax Act which prevent the deferral of income into future years in most circumstances (there are exceptions, for example, for teachers who take, for example 3 years of salary over 4 years and take a year's sabatical or for various incentive compensation schemes, although I doubt those would work for athletes).

The Rockefeller Institute of Government, which released a new state revenue report on Monday, said that «The Tax Cuts and Jobs Act (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqTax Cuts and Jobs Act (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqAct (TCJA), enacted in late December 2017, created strong incentives for some high - income taxpayers to act fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqact fast and prepay their state and local income and property taxes to take advantage of the expiring tax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqtax breaks, namely the state and local tax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.&raqtax (SALT) deduction, which is capped at $ 10,000 per year as of January 1, 2018.»

Existing rules under the Income Tax Act limit income sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax&raIncome Tax Act limit income sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax»Tax Act limit income sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax&raincome sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax»tax rate (commonly known as the «kiddie tax»tax»).

The government has acted to restrict the benefit to high income Canadians by capping the tax benefit at $ 2000.

Federal income and FICA (Federal Insurance Contribution Act) taxes are unavoidable regardless of whether you work at Boeing, Microsoft or your corner Starbucks.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

«It will add more complexity and more unfairness to the tax system and provide lots of litigation business to tax lawyers and add pages and pages to the Income Tax Act, already at 50,000 pagtax system and provide lots of litigation business to tax lawyers and add pages and pages to the Income Tax Act, already at 50,000 pagtax lawyers and add pages and pages to the Income Tax Act, already at 50,000 pagTax Act, already at 50,000 pages.

If you decide to sell the cottage to your children, be advised the Income Tax Act provides for a five year capital gains reserve and thus, consideration should be given to having the terms of repayment spread out over at least over five years.

Rather, the policy acts as a forced savings plan that accumulates money in a tax deferred account that you can THEN use to invest with, as you purchase other income producing assets, at the same time as earning interest and dividends on the cash value in your policy!

The act also mandated that capital gains would be taxed at the same rate as ordinary income.

To avoid such issues, the income tax act prescribes that the taxpayer should deposit the amount of capital gains in the capital gains account scheme on or before the due date of filing of income tax returns which can be easily withdrawn at the time of investment in the specified instrument.

If you were to purchase any Canadian investments, you would be subject to tax withholding under Part XIII of the Income Tax Act on any accrued income at either the default rate of 25 % or possibly a lesser rate under any applicable article of Canada's treaty with the Republic of Kortax withholding under Part XIII of the Income Tax Act on any accrued income at either the default rate of 25 % or possibly a lesser rate under any applicable article of Canada's treaty with the Republic of Income Tax Act on any accrued income at either the default rate of 25 % or possibly a lesser rate under any applicable article of Canada's treaty with the Republic of KorTax Act on any accrued income at either the default rate of 25 % or possibly a lesser rate under any applicable article of Canada's treaty with the Republic of income at either the default rate of 25 % or possibly a lesser rate under any applicable article of Canada's treaty with the Republic of Korea.

Here is how to calculate the income tax liability on the Commuted Pension under the Section 10 (10A) of the Income Tax Act that you need to ensure at the time of filing income tax reincome tax liability on the Commuted Pension under the Section 10 (10A) of the Income Tax Act that you need to ensure at the time of filing income tax returtax liability on the Commuted Pension under the Section 10 (10A) of the Income Tax Act that you need to ensure at the time of filing income tax reIncome Tax Act that you need to ensure at the time of filing income tax returTax Act that you need to ensure at the time of filing income tax reincome tax returtax returns.

Under the Income Tax Act, seniors must withdraw annual minimum amounts from RRIFs and similar accounts in increasing increments that rise to 20 per cent at age 94.

Under the Income Tax Act, a principal residence is generally any residential property owned and occupied by you or family at any time in the year.

NULIPs with a sum assured which is at least 10 times the annualised premium are eligible for tax exemptions under Section 10 (10D) of the Income Tax Atax exemptions under Section 10 (10D) of the Income Tax ATax Act.

But try to look at it as an opportunity to leverage the Income Tax Act to your advantage, armed with a little information of how much money you need and when from which accounts.

I had the pleasure of testifying at the Senate last year on a mundane question of the income tax act and union disclosure requirements.

If this argument that «legal expenses incurred to resist a demand for child support... serve to increase or preserve his income» (at para 25) had been accepted, Grenon would have been able to deduct his legal expenses because those expenses would have then been incurred to gain or produce income, as required by paragraph 18 (1)(a) of the Income Taincome» (at para 25) had been accepted, Grenon would have been able to deduct his legal expenses because those expenses would have then been incurred to gain or produce income, as required by paragraph 18 (1)(a) of the Income Taincome, as required by paragraph 18 (1)(a) of the Income TaIncome Tax Act.

(3) A self - employed person's weekly income or loss from self - employment at the time of the accident is the amount that would be 1/52 of the amount of the person's income or loss from the business for the last completed taxation year as determined in accordance with Part I of the Income Tax Act (Caincome or loss from self - employment at the time of the accident is the amount that would be 1/52 of the amount of the person's income or loss from the business for the last completed taxation year as determined in accordance with Part I of the Income Tax Act (Caincome or loss from the business for the last completed taxation year as determined in accordance with Part I of the Income Tax Act (CaIncome Tax Act (Canada).

Tracing the legislative history of an act can be challenging, and even more so if the act you are looking at is the Income Tax Aact can be challenging, and even more so if the act you are looking at is the Income Tax Aact you are looking at is the Income Tax ActAct.

Existing rules under the Income Tax Act limit income sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax&raIncome Tax Act limit income sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax»Tax Act limit income sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax&raincome sprinkling by requiring expenses to be reasonable, and taxing dividends paid to minors at the top tax rate (commonly known as the «kiddie tax»tax rate (commonly known as the «kiddie tax»tax»).

«For companies that fall within the meaning of a «large corporation'the way the Income Tax Act works is you essentially need to define your issues and the relief that you want from the Canada Revenue Agency at the objections stage.

He found that these facts did not warrant undermining the reliability of s. 169 (3) of the Income Tax Act (Canada), which allows the CRA to issue reassessments to dispose of an appeal with the written consent of a taxpayer and is consistently, frequently and reliably used by parties to arrive at terms of settlement between themselves and to conclude appeals with finality.

For example, courts have found the Telegraph Act [1] applies to telephones, and a fibre optic system is a «cable» within the meaning of the Income Tax Act [2], despite the fact that neither of these technologies existed at the time the relevant provisions were enacted: see Attorney General v. Edison Telephone Co. of London Ltd. (1880), 6 QBD 244; and British Columbia Telephone Co. v Canada (1992), 139 N.R. 211 (F.C.A.).

There is the matter of financial gains that non-resident athletes might gain at the Olympics and Income Tax implications: Income Tax Act, R.S.C. 1985.

Income Tax Form 16 is a certificate issued under section 203 of Income Tax Act for tax deduction at source from salaTax Form 16 is a certificate issued under section 203 of Income Tax Act for tax deduction at source from salaTax Act for tax deduction at source from salatax deduction at source from salary.

The Income Tax Act has a Section 80C under which up to Rs. 1.5 lakh can be claimed to reduce your taxable income at the time of filing income tax reIncome Tax Act has a Section 80C under which up to Rs. 1.5 lakh can be claimed to reduce your taxable income at the time of filing income tax returTax Act has a Section 80C under which up to Rs. 1.5 lakh can be claimed to reduce your taxable income at the time of filing income tax reincome at the time of filing income tax reincome tax returtax returns.

Tax will be deducted at the applicable rate from the payments made under the policy, as per the provisions of the Income Tax Act, 1961.

Commute up to one - third of the benefit amount available on the termination of the policy, or to the extent allowed under the Income Tax Act, and utilize the balance amount to purchase an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

Offers guaranteed returns with an upside, opt for an additional protection at competitive rates, offers free administrative hassles of the scheme.Section 80C and 10 (10D) under the Income Tax Act, provides tax benefits for premiums paid regulaTax Act, provides tax benefits for premiums paid regulatax benefits for premiums paid regularly

Commuting the maturity proceeds as a lump sum amount to the extent allowed under Income Tax act and balance amount to be utilised to purchase an immediate annuity from Future Generali India Life Insurance Co. Ltd. (FGILICL), which shall be guaranteed for life, at the then prevailing annuity rate.

Any person who has been an Indian resident for the year of assessment and has suffered from at least 40 percent disability as spelt out by the law, qualifies for tax deductions under Income Tax Act 19tax deductions under Income Tax Act 19Tax Act 1961.

Many people, especially those who are at low health risk, look at investing these plans as a means to save tax because health insurance premiums offers a tax deduction under Section 80D of the Income Tax Atax because health insurance premiums offers a tax deduction under Section 80D of the Income Tax Atax deduction under Section 80D of the Income Tax ATax Act.

PPF is exempted from tax at both investment and maturity stages under Section 80 C and Section 10 (10D) of the Income Tax Act, respectively.Recently government has reduced the interest rate on PPF to 8.1 % for the period April» 2016 to June» 2016 (sharp cut from 8.7 % over the last year) and also decided that the rates will be reviewed now onwards on a quarterly basis, not annualtax at both investment and maturity stages under Section 80 C and Section 10 (10D) of the Income Tax Act, respectively.Recently government has reduced the interest rate on PPF to 8.1 % for the period April» 2016 to June» 2016 (sharp cut from 8.7 % over the last year) and also decided that the rates will be reviewed now onwards on a quarterly basis, not annualTax Act, respectively.Recently government has reduced the interest rate on PPF to 8.1 % for the period April» 2016 to June» 2016 (sharp cut from 8.7 % over the last year) and also decided that the rates will be reviewed now onwards on a quarterly basis, not annually.

It comes under section 203 of Income Tax Act, 1961 and is a certificate that gives information on the tax deducted at source (TDS) of your annual iIncome Tax Act, 1961 and is a certificate that gives information on the tax deducted at source (TDS) of your annual incoTax Act, 1961 and is a certificate that gives information on the tax deducted at source (TDS) of your annual incotax deducted at source (TDS) of your annual incomeincome.

Commuting the proceeds as a lump sum amount to the extent allowed under Income Tax act and utilizing the remaining amount to purchase an Immediate Annuity (guaranteed for life) from Future Generali India Life Insurance Co. Ltd. at the then prevailing annuity rate

a) Option to commute to the extent allowed under Income Tax Act and to utilize the balance amount to purchase immediate annuity with the same insurer, which will be guaranteed for life, at the then prevailing annuity rate, or

Commute to the extent allowed under Income Tax Act and utilize the balance amount to purchase immediate annuity at the then prevailing annuity rate.

Commute up to the limit allowed under Income Tax Act and utilize the remaining amount to purchase annuity at the then prevailing annuity rate.

Under section 10 (10D) of Income Tax Act, 1961 maturity benefits are tax free in the hands of policyholders if, at any point of time during the policy term, premiums paid in any year do not exceed 20 % of the basic Sum AssurTax Act, 1961 maturity benefits are tax free in the hands of policyholders if, at any point of time during the policy term, premiums paid in any year do not exceed 20 % of the basic Sum Assurtax free in the hands of policyholders if, at any point of time during the policy term, premiums paid in any year do not exceed 20 % of the basic Sum Assured.

As per Section 80C of the Income Tax Act, for the life insurance policies issued on or after April 1, 2012, the maximum tax deduction is capped at 10 % of the Sum AssurTax Act, for the life insurance policies issued on or after April 1, 2012, the maximum tax deduction is capped at 10 % of the Sum Assurtax deduction is capped at 10 % of the Sum Assured.

Deductions are available under Section 80C of the income tax act, provided the sum assured is at least 10 times the annual premium.

The benefit received by the employee at the time of retirement, are subject to tax relief under applicable provisions of Income Tax Act, 19tax relief under applicable provisions of Income Tax Act, 19Tax Act, 1961.

Commute to the extent allowed under Income Tax Act and utilize the balance amount to purchase annuity at the then prevailing annuity rate.

According to section 80C of Income Tax Act, 1961, the premium paid towards ULIP is tax deductible and withdrawals in the form of death benefit, maturity benefit or partial withdrawal at the discretion of the policyholder is tax deductible under section 10 (10Tax Act, 1961, the premium paid towards ULIP is tax deductible and withdrawals in the form of death benefit, maturity benefit or partial withdrawal at the discretion of the policyholder is tax deductible under section 10 (10tax deductible and withdrawals in the form of death benefit, maturity benefit or partial withdrawal at the discretion of the policyholder is tax deductible under section 10 (10tax deductible under section 10 (10D).