Sentences with phrase «for pension purposes»

Under the Bilateral Agreements with the following countries, the date of claim in the country of residence is taken as the date of claim for pension purposes:

The basic rules in Ontario are that two people are spouses for pension purposes if they are married to each other, or they fall within one of the following two categories:

* Some states cap the number of years teachers can claim for pension purposes, but let's ignore those for now, because they would make this situation even worse.

Several participants opined that Ballard is «desperate» to remain in office to accumlate 20 years in office presumably for pension purposes.

And all 1,271 state judges would be able to use their final year's salary for pension purposes, forcing the state to pay a retroactive $ 47 million.

Not exact matches

Some assets, however, may no longer serve a public policy purpose and are of particular interest to, for example, Ontario's large pension plans as good long - term investments.

Public and private pension funds reducing private equity exposure or freeing up capital for other purposes;

While sick leave is necessary for working teachers, letting unpaid sick leave accumulate for the purpose of boosting pensions is an expensive perk that taxpayers can not afford.

Finance Minister Joe Oliver wrote his Ontario counterpart earlier this month warning Ottawa would not help implement the Ontario Retirement Pension Plan or make any legislative changes to allow it to be treated like the CPP for tax purposes.

This is partially because pension funds, which according to a recent Department of Labor issuance can now invest for ESG purposes, generally have a minimum investment size of $ 75M.

The fundamental issue is not the increased cost burden for employers and employees, but rather the purpose of company - led pension plans, he said.

The former director general of Saga, who only held the ministerial brief for 14 months and was known to have had a rocky relationship with former work and pensions secretary Iain Duncan Smith, said the triple lock had «fulfilled its purpose» and pensioner households were now «no more likely to be poor than other age groups».

A Freedom of Information request has uncovered a Memorandum of Understanding detailing an agreement between the Department for Work and Pensions Child Maintenance Group (DWP CMG) and the Home Office to share data for immigration enforcement purposes.

«This is to prevent people benefiting from tax relief in relation to contributions made into self - directed pension schemes for the purpose of funding purchases of holiday or second homes and other prohibited assets for their or their family's personal use.»

Salary giveback schemes intended to inflate earnings for pension calculation purposes.

Shadow work and pensions secretary Philip Hammond said the figures, obtained in a parliamentary answer, showed the scheme was «clearly not fit for purpose».

Proceeds usually go to the general fund, but are sometimes earmarked for some purpose (such as schools, infrastructure, or pensions).

They said the intent of the General Assembly is to ensure that the money is directed only into the teachers» pension fund, not into the general fund for other spending purposes.

The three banks involved told the Osun legislators in session that the bailout was disbursed according to the CBN guidelines and it was duly and diligently disbursed for the purpose it was meant for, which includes payment of arrears of salaries, allowances and the pensions of workers of the state.

«The loan was used for the purpose it was meant, that is payment of salary arrears, allowances and pensions.

«Fayose was owing one month salary when he collected the first bailout of N9.6 bn, which he diverted to other purposes known only to himself and refused to use it for salaries, pensions, gratuity and severance allowances as approved by the Federal Government.

For example, they are the rare state employees who get to count the mileage payments they receive for driving to and from the Capitol as salary for the purpose of computing their pensioFor example, they are the rare state employees who get to count the mileage payments they receive for driving to and from the Capitol as salary for the purpose of computing their pensiofor driving to and from the Capitol as salary for the purpose of computing their pensiofor the purpose of computing their pensions.

Malami said President Muhammadu Buhari came to be aware of his meeting with Maina much later, «out of a desire to see for his (Buhari's) directives relating to its application for the purpose of blocking leakages associated with the looting of pension funds.»

In addition to this «general» or «formula» funding, states also typically provide revenue for other, more specific purposes, such as bus transportation, contributions to school employee pension plans, and teacher training.

to take any action otherwise prohibited under subsections (a), (b), (c), or (e) of this section where age is a bona fide occupational qualification reasonably necessary to the normal operation of the particular business, or where differentiation is based on reasonable factors other than age; to observe the terms of a bona fide seniority system or any bona fide employee benefit plan such as a retirement, pension, or insurance plan, which is not a subterfuge to evade the purposes of this Act, except that no such employee benefit plan shall excuse the failure to hire any individual; or to discharge or otherwise discipline an individual for good cause

For example, Arizona and California do not include Social Security as countable income for unemployment offset purposes, but do use other retirement pensions to reduce their unemploymeFor example, Arizona and California do not include Social Security as countable income for unemployment offset purposes, but do use other retirement pensions to reduce their unemploymefor unemployment offset purposes, but do use other retirement pensions to reduce their unemployment.

Certainly, many baby boomers felt TFSAs were too little and too late for their purposes, although they would look with a certain amount of envy at millennials and young investors with a 40 - year investing time horizon ahead of them — indeed, many financial gurus have calculated that merely by maxing out TFSA contributions over such a time frame, that alone would be sufficient to ensure a comfortable retirement: no RRSP or employer pension plan contributions necessary!

In addition, IPP assets are creditor - proof: always a plus for the self - employed; and as with traditional Registered Pension Plans, pension income can be split up to 50 % with one's spouse, for income tax purposes (pension spliPension Plans, pension income can be split up to 50 % with one's spouse, for income tax purposes (pension splipension income can be split up to 50 % with one's spouse, for income tax purposes (pension splipension splitting).

As the asset is not being dealt with for the sole purpose of enabling the fund to discharge all or part of its liabilities in respect of superannuation income stream benefits, it can not be a segregated current pension asset under subsections 295 - 385 (3) or 295 - 385 (4) of the ITAA 1997.

In much the same way assets may be split in the event of a marriage breakdown, future pension entitlement — whether a private pension or the CPP — are also relevant for purposes of a post-marriage equalization.

Paragraphs 23 and 24 of this Ruling, and Examples 1 and 2, indicate that a fund is free to choose which assets are to be removed from the segregated current pension asset pool for CGT relief purposes in order to comply with the new rules.

A scheme of concern involves causing an asset (with large unrealised capital gains) to form part of a fund's segregated current pension asset pool before the pre-commencement period, and then causing it to revert to accumulation phase during the pre-commencement period by making the choice; the question will then be the purposes for which these steps were undertaken.

Income from pensions, 401k plans, IRAs and other qualified retirement plans is excluded from the definition of investment income for purposes of this tax.

As part of an ongoing study, Dalbar Canada, a leading financial services research firm, is gathering feedback from Canadian retail investors for the purpose of improving the content and design of financial investment statements (including RSP, pension, non-registered account statements, insurance etc) commonly used by Canadians.

«This includes any legislative changes to allow the ORPP to be treated like the Canada Pension Plan for tax purposes, or to integrate the ORPP with the RRSP contribution limits,» wrote Oliver.

If an individual receives income from interest, dividends, pension proceeds, social security or unemployment benefits, alimony or child support, these do not count as earned income for purposes of the tax credit.

Note: From 1 July 2017 partial commutation payments are treated as super lump sums for tax purposes and do not count towards minimum annual pension payment requirements.

However, you will be required to repay 15 per cent of the amount by which your net income for tax purposes — including your OAS pension — exceeds $ 66,733.

All pensions that satisfy the minimum standards will be treated as super income stream benefits for income tax purposes.

No wonder the government touts policies such as allowing retired Canadians to split their pensions for tax purposes.

I am a retired senior citizen having an annual income of less than 3 lakhs from interest on deposits, EPF pension etc and hence not liable to pay income tax.Of late my wife who is not employed but a senior citizen got some amounts by way o f family settlements after her mother's death which she deposited in her name and the total annual of interest comes to about Rs 1.5 lakhs.According to her the income from her investments can not be clubbed Will her income be added to my income for the purpose of ascertaining my income tax liability.She has a separate pan no.earlier taken as she had rental income.

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If the trustee doesn't pay the minimum annual pension payment amount, the super income stream (that is, the TRIS) ceases for income tax purposes.

They do need the actuarial certificate to support their claim for exempt current pension income (ECPI) for that period for income tax purposes.

If you commenced your pension on or after 1 January 2015 then the whole balance will be deemed for income test purposes.

CPP / QPP, OAS & GIS are not eligible pension income for the purpose of lowering tax.

Pooled funds are funds from many individual investors that are aggregated for the purposes of investment, as in the case of a mutual or pension fund.

Of course, many people (especially those with no company pension plan) are just not ready financially to stop working, but many others stay employed for job satisfaction, social interaction, and a sense of purpose.

Additionally, as a general rule, the same taxable portion of an individual's pension for federal purposes will be taxable for Arizona purposes.

If you have a partner but do not include them in your retirement projection, the calculator will assess you as a single person for age pension purposes and this will give incorrect results.