Sentences with phrase «generate huge tax»

You probably have loads of unused RRSP contribution room, which can generate huge tax returns.

But arguably, it's only valuable to the extent that it exceeds 2018's $ 24,000 standard deduction — and thus your mortgage interest isn't generating huge tax savings.

Not exact matches

«From 1980 to 2007, in that period, revenues from the top 1 per cent of income earners went from 1.6 per cent of GDP, to 3.1 per cent of GDP, a huge surge of revenues from the highest income earners,» he said, crediting tax cuts with generating that wealth during those years.

Over the long term if someone had a higher income than their spouse and contributed to their TFSA the tax savings could be huge because the income generated in the account would not be attributed back to the higher income spouse.

The whole point of tax - free compounding over a long time horizon is that the young can truly generate huge sums if they max out contributions from day one and also invest wisely in diversified equity - heavy portfolios.

Then it's going to assume that your investment accounts have 100 % portfolio turnover every year, which generates a huge pile of taxes that wouldn't be due in the Real World.

Looking to generate regular rental income without having to pay huge amounts in property taxes?

Wind energy developers have a huge incentive to bring renewable generating capacity on line by December 31, 2001 so that they will qualify for a 1.7 - cent per kWh production tax credit that is available for the first 10 years of the each windmillís life.