Sentences with phrase «lifetime tax contributions»

Not exact matches

This time he thinks the Tories can be convinced to make changes, in addition to not increasing the annual contribution limit, like setting a lifetime limit on holdings that would be tax - free and making sure withdrawals count against income - tested programs like old age security and guaranteed income supplement.

The study concludes that consideration should to given to placing a limit on an individual's lifetime TFSA contributions and / or a limit on how large their tax - free balances can become.

But just as the power of compounded interest can help small early - career contributions balloon over the decades, small losses due to taxes can snowball over a lifetime.

When grossed - up for taxes, the RRSP contribution provides 18 % more total lifetime after - tax income when compared to the TFSA.

Any contribution above the RESP lifetime limit of $ 50,000 per child is subject to tax at the marginal rate

With a 529 plan, you could give $ 75,000 per beneficiary in a single year and treat it as if you were giving that lump sum over a 5 - year period.3 This approach can help an investor potentially make very large 529 plan contributions without eating into his or her lifetime gift - tax exclusion.

The top - up amount represents a refund of a member's lifetime super contribution tax payments into an estate.

There are also many tax credits available, such as the Hope and Lifetime Learning credits, the retirement contribution credit, the foreign tax credit, the adoption credit, and the dependent - care credit.

The payment represents a refund of the 15 % contributions tax paid by the deceased member over their lifetime.

The «contribution» is tax deductible and can be made during your lifetime so you can use the tax benefit now.

Sandra Jack receives CTF Lifetime Contribution Award in recognition of enduring and influential contribution to the Canadian Tax Foundation and its purpose, operation, and body of works as Contribution Award in recognition of enduring and influential contribution to the Canadian Tax Foundation and its purpose, operation, and body of works as contribution to the Canadian Tax Foundation and its purpose, operation, and body of works as a volunteer.

In determining the amount and duration of maintenance the court shall consider: (A) the income and property of the respective parties including marital property distributed pursuant to subdivision five of this part; (B) the duration of the marriage and the age and health of both parties; (C) the present and future earning capacity of both parties; (D) the ability of the party seeking maintenance to become self - supporting and, if applicable, the period of time and training necessary therefor; (E) reduced or lost lifetime earning capacity of the party seeking maintenance as a result of having foregone or delayed education, training, employment, or career opportunities during the marriage; (F) the presence of children of the marriage in the respective homes of the parties; (G) the tax consequences to each party; (H) contributions and services of the party seeking maintenance as a spouse, parent, wage earner and homemaker, and to the career or career potential of the other party; (I) the wasteful dissipation of marital property by either spouse; (J) any transfer or encumbrance made in contemplation of a matrimonial action without fair consideration; and (K) any other factor which the court shall expressly find to be just and proper.