Sentences with phrase «like salaried income»

That's less than previously required but still probably means breaking slowly into capital: after all, Ottawa's «generosity» with the earlier RRSP tax refunds was always balanced by the knowledge the tax piper must eventually be paid: naturally, these RRIF withdrawals are fully taxable like salaried income or interest income.

Not exact matches

Just like the salaried individuals and the business persons, the freelancers can also claim plethora of deductions / tax exemptions, when they file their income tax returns.

But underreported income is the most common type of tax fraud, and it usually happens with freelancers, whose income is more difficult to track than salaried workers, and people who have cash - heavy income reports, like those in service industries.

Whether one is a salaried person or a professional with a regular flow of income, an endowment plan is for everyone who has a continuous source of earning and plans to save for his future goals like retirement or other major expenses like child's education.

I am currently employed as a salaried financial advisor at a large company, but like many others in the corporate world, I am increasingly attracted to the idea of leaving the cubicle lifestyle, getting into the world of real estate, and achieving the American Dream, which to me entails traveling the world while I generate passive income from my rental properties.