Sentences with phrase «income taxation»

And thanks to the notorious depletion allowance, the oil and mining sectors likewise operated free of income taxation for many decades.

The discussion of federal income taxation presented below supplements the discussion in the fund's prospectus and only summarizes some of the important federal tax considerations generally affecting shareholders of the fund.

Well, because this end - of - the - year legislation extends prior legal protection from income taxation of any forgiveness of mortgage debt in a short sale.

Phase out all forms of capital income taxation, including the corporate income tax, and replace them with a carbon tax, including a gasoline tax.

The proceeds from life insurance coverage are received free of income taxation by the policy's beneficiary (or beneficiaries).

Too much of the discussion has focused on high income taxation.

As you can see, investment taxation is generally a lot preferable to normal income taxation, interest income excluded.

As the premium payments are made into the life insurance policy, the investment income that is generated by the cash value component will not be subject to current income taxation.

Once the policy's cost basis has been reached through withdrawals, policy loans may be access without income taxation subject to certain conditions.

[x] A form of federal income taxation wherein a person who holds a life insurance policy gets taxed periodically on certain parts of the cash value accumulation of his policy.

The funds that a beneficiary receives from a funeral insurance policy are typically received free from income taxation, just like other types of life insurance proceeds.

Her representation of not for profit organizations includes all facets of federal income taxation and state taxation, as well as contract matters and governance issues.

The latter category comprises, among others, income transfers, progressive income taxation and active labour market policies aimed at generating decent jobs and full employment.

In addition to advantageous tax treatment of a life insurance policy's cash value, death benefit proceeds are also received free of income taxation by the policy's beneficiary.

The cash or proceeds you receive from a reverse mortgage typically are not subject to individual income taxation.

All of the proceeds from a burial insurance policy can be used by the beneficiary, too, because life insurance proceeds are free of income taxation to the recipient.

Cointelegraph Personal income taxation does not apply to cryptocurrency gains in Portugal.

For more information on the federal corporate income taxation in Canada, contact the Canada Revenue Agency, 325 Broadway, Winnipeg, 1-800-959-5525 or visit the Canada Revenue Agency Web site.

Corporate Owned Life Insurance Policies including key man life insurance policies issued after August 17, 2006 may have death benefits that are subject to income taxation if certain requirements are not met.

Withdrawals from traditional IRA accounts are subject to ordinary income taxation on any gains above the proportional tax basis across your traditional IRAs.

This means that the TFSA could, in the medium term, wipe out capital income taxation for about 91 per cent of Canadian families, if they shift their existing taxable assets into TFSAs.

Cash value accruals that are part of a deferred annuity are afforded deferred income taxation until withdrawn in a manner that is similar to the tax advantages of cash value life insurance.

«The changes to passive income taxation were completely unexpected,» says MacArthur.

Unlike 401 (k) and 403 (b) plans, 457 plans allow independent contractors to participate, and there's no 10 % penalty for withdrawal before the plan holder turns 59 1/2 (ordinary income taxation applies).

To learn more: Our book, Capital Gain, Minimal Taxes, includes six chapters dealing specifically with income taxation of traders.

Like a corporation, the LLC provides limited liability to its owners and shareholders; like a partnership, the LLC offers a pass - through income taxation.

Personal income taxation does not apply to cryptocurrency gains in Portugal.

Mr. Gercken's practice includes all areas of business income taxation, with emphasis on corporate and partnership taxation and international transactions.

The difficulties of reconciling the legitimate claims of both levels of government for income taxation powers have since dominated many federal - provincial negotiations.

Several researchers, including an official of the National Tax Agency, have discussed income taxation on virtual currency and not one of them opposes the taxation.

For more information on the corporation income taxation in Manitoba, contact Taxation, Economic and Intergovernmental Finance Research Division, Manitoba Department of Finance or call [phone].

One example is the potential to exclude most, if not all, of your Social Security income from income taxation during your retirement years.

Flexible Gift Annuity The flexible payment gift annuity offers the same benefits of simplicity, security, and attractive income taxation that the deferred payment gift annuity provides, but with more flexibility.

Jennifer Farrell, who teaches income taxation and international tax law, has received a seed grant worth $ 21,292 for her project called «Blockchain and taxation: A case study on eliminating the sales tax gap» from the Western Social Sciences and Humanities Review Board.

Your named beneficiary (or beneficiaries) can receive these proceeds free of income taxation so that bills and other debt obligations can quickly be paid off and / or survivors can continue to pay their living expenses in the future.

The National Corvette Museum (NCM) is a non-profit foundation exempt from federal income taxation under Section 501 (c)(3) of the Internal Revenue Code.

@daffy, but it is, it's specifically talking about consulting services, likely of professional nature, and, as already pointed elsewhere in this thread, deferred personal income taxation.

Employer owned life insurance policies including key man policies issued after August 17, 2006 may have death benefits that are subject to income taxation if certain requirements are not met.

Political unrest in the Middle East combined with the possibility of income taxation in the future may well make the prospect of relocating from abroad less appealing for some, although Dubai continues to be the most attractive GCC location for foreign lawyers.