Sentences with phrase «many substantial tax benefits»

For most Canadians, ownership of a family home provides a substantial inflation hedge, and it also comes with substantial tax benefits.

The federal government offers accounts with substantial tax benefits that are designed to help you save for retirement, including IRAs.

If you are eligible for an HSA, in relatively good health, and you or your employer are able to make regular contributions to your account, you can gain substantial tax benefits over time and eventually withdraw the funds for medical costs or out - of - pocket costs that you're likely to incur during retirement.

Those who aren't using them are missing out on substantial tax benefits.

For the employer, the provision of profit sharing represents a substantial tax benefit, an excellent new - hire incentive and a productivity motivator for existing employees.

There are many substantial tax benefits to owning a home that someone who rents could never dream of.

Tax filers may opt to itemize their deductions if it provides a more substantial tax benefit.

Survivorship policies can offer substantial tax benefits for those with large estates, but the tax laws are complicated when setting up estates, so consult a professional who specializes in estate planning before deciding to purchase a survivorship policy.

The Commission says that Luxembourg must make Amazon pay back the entire amount as substantial tax benefits are considered to be illegal aid.

Depending on how long you owed it, how long you have rented it, and how much longer you will keep it, you may be giving up a substantial tax benefit.

Her mind was sharp and she understood she was making a gift of her property and receiving a «substantial tax benefit» in return.

Not exact matches

The proposed $ 36 - billion project would be the largest private - sector investment in Canadian history and is expected to bring substantial economic benefits, including up to $ 2.5 billion in annual tax revenue for all levels of government and nearly $ 3 billion in annual contributions to Canada's GDP.

That may seem like a substantial sum of money to save for a distant goal like retirement, but the benefits like a potential federal income tax deduction if you're eligible and tax - deferred or tax - free growth may make saving for retirement seem a little easier.

For instance, the I.R.S. could deem a substantial state tax benefit received in exchange for a charitable contribution to be a deduction - reducing quid pro quo.

But looking further out, as housing and other construction markets fully recover, we believe USG will be earning considerably more and producing substantial free cash flow as the company benefits from large tax assets that help to shelter earnings.

While it's true that some people don't have to pay taxes on their Social Security income, benefits are taxable if you have, in the words of the Social Security Administration, «other substantial income.»

Mark's primary areas of expertise include: assisting clients with substantial private businesses manage the growth from a financial and strategic perspective advising high net worth clients on succession and estate planning issues helping clients achieve the optimal value for their business upon disposal on an after tax basis analysis of business performance assisting clients with debt raising issues structuring client's affairs for maximum tax benefits.

Among these layers are a variety of tax rules, which encourage religions to reshape themselves so as to be eligible for tax benefits, and the recent legislative efforts, certainly constitutional but perhaps of dubious value to religion, to allow religious groups to share in the rather substantial largesse of the programmatic side of the welfare state.

Because of the low wages they pay workers in South Africa and Latin America, treating their financial losses as tax write offs, when labor negotiations were going on and violence threatened, the companies certainly had the upper hand; the unions accepted a substantial cut in wages and benefits.

UCU believes big business should be taxed for the substantial benefits it gains from a plentiful supply of graduates and has proposed a modest Business Education Tax for the top 4 % of companies - those who make profits of over # 1.5 m a year.

Ms Hunt added: «Lord Browne and the government must look seriously at the idea of taxing big business for the substantial benefits it gains from a plentiful supply of graduates and using that money to expand, rather than reduce, opportunity to study.»

Taxpayers will receive the same net benefit, but SOF spending growth appears lower.3 Other substantial changes include shifts in workers from payrolls in the general fund to those paid by capital funds, reclassifying the Sales Tax Asset Receivable Corporation (STARC) funds from a miscellaneous receipt to an offset against spending, and shifting expenses off - budget as shown in Table 3.

The NPP argue that Ghana has a very high tax regime and that a further reduction in corporate income tax rate and abolition of other indirect taxes could generate substantial benefits to the country.

When earnings from 529 contributions accrue over long time periods as they do, for example, when parents establish and fund a 529 plan when their child is young and begin to draw it down when that child enters college, the financial benefit of exemption from federal taxes can be substantial.

Still, the tax hit will likely be fairly modest — and the benefit substantial.

Your wife would also lose the benefit of tax - sheltered compounding in her RSP which would be substantial given your ages and savings.

Employers who can make a tax - deductible contribution into an IRA for yourself and on behalf of your employees as a substantial tax - free fringe benefit.

This usually happens only if you have other substantial income (such as wages, self - employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits.

All accounts come with tax loss harvesting, and for those with portfolios over $ 100,000, Wealthfront's Direct Indexing can offer substantial additional tax deferral benefits.

The amount of the WEP benefit reduction depends on the year you turn 62 (eligibility year) and the number of years in which you had «substantial earnings» and paid into Social Security, with the maximum reduction potentially applying for those who paid Social Security taxes for 20 years or less (see table).

In the discussion of private placement life insurance, it is easy to forget that after all is said and done and you've gained income tax advantages by utilizing this strategy, you've also purchased a substantial death benefit for your heirs.

Out - of - control policy loans can erode a life insurance policy over time, eventually draining the death benefit — and saddling you with a substantial tax bill.

While it's true that some people don't have to pay taxes on their Social Security income, benefits are taxable if you have, in the words of the Social Security Administration, «other substantial income.»

This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.

Consequently, our ability to use the tax benefits associated with our substantial NOLs will depend significantly on our success in identifying suitable acquisition candidates, and once identified, successfully consummating an acquisition of these candidates.

In essence, the benefit seems just as restrictive as the British Airways Travel Together Ticket, but less valuable since instead of eliminating the mileage cost of the second ticket entirely, the Economy Companion Reward Ticket merely halves the mileage cost of the second ticket, while leaving you paying the substantial taxes, fees and charges for both tickets.

And the tax benefits for investors can be quite substantial.»

Transmission of a business (instead of the sale of a business) benefits also from substantial gift and estate tax reduction, subject to a commitment to keep the shares transferred for at least several years.

«in addition to the clawback issue, there are other important one - time but substantial hits: (1) a partner would lose any capital account, (2) a partner may have to pay income taxes on any partnership debt that is forgiven as part of the reorganization (the cancellation of indebtedness income flow through the partnership to the individual partners) and (3) the partner may lose entirely benefits under certain types of retirement plans.

In the discussion of private placement life insurance, it is easy to forget that after all is said and done and you've gained income tax advantages by utilizing this strategy, you've also purchased a substantial death benefit for your heirs.

In fact, the reality that the only way to use a life insurance policy's cash value to repay a loan tax - free is via the death benefit leads to a number of «rescue» strategies for life insurance policies with substantial loans, specifically to help ensure that the policy remains in place until the death of the insured.

Focusing only on tax benefits is a sure shot way to not be able to build up a substantial retirement corpus.

Out - of - control policy loans can erode a life insurance policy over time, eventually draining the death benefit — and saddling you with a substantial tax bill.

Considering that death benefits often provide a substantial amount of money, estate taxes on insurance policies can also be quite significant.

This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.

Contract jobs rose in popularity in the last 15 years when employers realized they could save a substantial amount of money on payroll, employment taxes, and benefits by hiring contractors.

As a result of trying to avoid treating at - home workers as employees, Rosen indicates that background screening firms can potentially face liability for federal and state payroll taxes that should have been paid for misclassified workers, substantial penalties to the IRS or state, fees and damages if litigation is involved, and responsibility for benefits and overtime pay the independant contractors would have received if classified as employees.

As a result of trying to avoid treating at - home workers as employees, Rosen indicates that background screening firms can potentially face liability for federal and state payroll taxes that should have been paid for misclassified workers, substantial penalties to the IRS or state, fees and damages if litigation is involved, and responsibility for benefits and overtime pay the independent contractors would have received if classified as employees.

From a tax standpoint, there's no substantial benefit to leasing versus buying.

I guess CREA, OREA (Ontario) and the other provincial associations have to show their tax - paying members that they are doing something substantial with their tax dollars in pursuit of dredging up business for the field workers... so that they can keep on paying those dues dollars for those salaries, benefits and perks etc....