Sentences with phrase «interest on the money someone borrow»

The government pays interest on the money it borrows to finance the national debt.

Interest paid on the initial principal and the accumulated interest on money borrowed or invested.

As with all of the installment products offered by CASH 1, there is never a prepayment penalty, so you can pay your loan back prior to the term and only pay interest on the money you borrow for the time you borrow it.

Remember that, when you borrow from your 401 (k), you're giving up ongoing returns and compound interest on the money you borrow until it's returned.

When you borrow money conventionally you have to: (1) pay back the loan by some definite date; (2) pay the lender interest on the money borrowed over the course of the loan period; and (3) put up adequate collateral until full repayment of loan has been made.

For decades to come, the United States will be spending on veteran benefits and paying interest on money borrowed today.

Investment expenses include losses from rental property, non-active partnership losses (such as tax shelters), interest on money borrowed for investments and 50 % of resource - related deductions.

You will also pay interest on the money you borrow.

In India, for instance, a company might have to pay 7 % interest on the money it borrows, so its returns need to be high.

That means that while your friend or relative may not be receiving any interest on the money you borrowed, the IRS will tax them as if they were.

Because you pay interest on the money you borrow, but you earn interest on the money you save.»

In other words, easy financing makes China - made solar cells much cheaper than those from manufacturers who must pay interest on any money borrowed to build factories or install modules.

Because of that, the tax deduction that normally applies to interest on money borrowed to earn investment income is negated.

@Jasper I meant that you will have to pay a 16 % (yearly) interest on the money you borrowed that way.

You'll pay interest on the money borrowed.

* The «interest only» portion of this Convertible HELOC allows you to pay only the interest on the money you borrow for 10 years (draw period) from the date the line is established.

The repayment of the money is very flexible with minimum payments (just like with credit cards) usually consistent only of the interests on the money borrowed that are charged only when and for the money that is withdrawn and not when the money remains available.

Plus, when you repay a 401K loan, you pay interest on the money borrowed — which is also deposited into your 401K (so you basically pay yourself back with interest!).

The deduction applies to interest on money borrowed to buy property that will produce investment income — interest, dividends, annuities or royalties — or that you expect to appreciate in value, allowing you to sell it at a gain in the future.

The potentially interesting part about the «no deduction for interest on money borrowed to invest in a TFSA» thing is that there is potential that the brokerages could calculate margin availability based on the value of both the TFSA and non-registered accounts.

Because the investment income within, and withdrawals from, a TFSA will not be taxable, interest on money borrowed to invest in a TFSA will not be deductible in computing income for tax purposes.

We have never charged them interest on the money they borrow.

Depending on what you invest in, you may be able to deduct the interest on money you borrow to invest.

But depending on what you invest in, you may be able to deduct the interest on money you borrow to invest.

Unlike interest on money borrowed to invest, interest on money borrowed for RRSP purposes isn't deductible.

When you borrow form a bank, you must pay interest on the money you borrow.

interest on money borrowed (let's say prime 6 %) tax deductible, your cost $ 6 - $ 6 * 0.4 = $ 3.6 return on money invested 7 %, same as # 2, return after tax $ 5.6, bottom line $ 5.6 - $ 3.6 = $ 2

Costs of a reverse mortgage Because a reverse mortgage is a loan you will be charged closing costs, interest on the money borrowed, and a servicing fee.

Interest on the money you borrow for contributions to an RRSP, registered pension plan or tax - free savings account, or for the purchase of personal assets such as your home or cottage, is not deductible.

The main cost involved with this investment strategy is interest on the money you borrow.

The interest on money you borrow to go on vacation, or to purchase any good for personal use, is generally not tax deductible.

Interest on money borrowed to invest in a TFSA is not deductible.

In North America, the interest on money you borrow for investment purposes is tax deductible.

At the least, be sure you pay the interest on the money you borrow.

Both of these projects by OPG were hugely expensive, costing ratepayers $ 4.1 billion plus interest on the money borrowed to fund the projects.

Your total debt will be the amount of money you take in cash plus the interest on the money you borrowed.