Sentences with phrase «if borrowing for investment purposes»

Not exact matches

For example, if you live in Nova Scotia, and you pay tax at the top combined federal / provincial marginal tax rate of 54 per cent, your tax cost of borrowing $ 100,000 for investment purposes, using a secured line of credit at bank prime rate (currently around 3.45 per cent), is only $ 1,587 annually, assuming the interest is fully tax deductibFor example, if you live in Nova Scotia, and you pay tax at the top combined federal / provincial marginal tax rate of 54 per cent, your tax cost of borrowing $ 100,000 for investment purposes, using a secured line of credit at bank prime rate (currently around 3.45 per cent), is only $ 1,587 annually, assuming the interest is fully tax deductibfor investment purposes, using a secured line of credit at bank prime rate (currently around 3.45 per cent), is only $ 1,587 annually, assuming the interest is fully tax deductible.

However, if more than 15 % of Fund assets (defined as net assets plus the amount of any borrowing for investment purposes) are illiquid, the Fund's investment adviser will reduce illiquid assets such that they do not represent more than 15 % of Fund assets, subject to timing and other considerations which are in the best interests of the Fund and its shareholders; or

Claim the following carrying charges and interest you paid to earn income from investments: -LSB-...] Most interest you pay on money you borrow for investment purposes, but generally only if you use it to try to earn investment income, including interest and dividends.