Sentences with phrase «offset by income»

At the business meeting a budget of $ 2.6 million was approved, offset by income of $ 2.5 million, $ 100,000 short of a fully balanced budget.

That's just part of the expenses of owning the rental property, which is offset by the income.

The GST will affect inflation only temporarily, however, and effects on wage earners will be offset by income - tax reductions.

Not exact matches

Net income of $ 669 million after - tax increased $ 52 million due to higher core income, partially offset by net realized investment losses as compared to net realized investment gains in the prior year quarter.

The decrease in income tax expense was primarily driven by the lower U.S. corporate income tax rate, partially offset by the inclusion in the prior year quarter of a $ 15 million benefit from the resolution of prior year tax matters.

Segment income for Personal Insurance was $ 129 million after - tax, an increase of $ 40 million, due to higher segment income before income taxes, partially offset by higher income tax expense.

The increase in income tax expense was primarily driven by the inclusion in the prior year quarter of a $ 17 million benefit from the resolution of prior year tax matters and the increase in segment income before income taxes, mostly offset by the lower U.S. corporate income tax rate.

The increase in income tax expense was primarily driven by the increase in segment income before income taxes and the inclusion in the prior year quarter of a $ 7 million benefit from the resolution of prior year tax matters, partially offset by the lower U.S. corporate income tax rate.

«Any reductions we have in upper - income taxes will be offset by less deductions so that there will be no absolute tax cut for the upper class,» Treasury Secretary Steven Mnuchin said Nov. 30, 2016, in an interview on CNBC's «Squawk Box.»

Enbridge Inc. said in March that Enbridge Energy is expected to experience an $ 80 - million decrease in annual distributable cash flow, but that will be somewhat offset by a revenue increase on the Canadian Mainline system held by Enbridge Income Fund Holdings Inc..

The GAAP consolidated pretax income for 1Q18 of $ 707 million unfavorably compared to GAAP consolidated pretax income of $ 1.69 billion in 1Q17 by $ 982 million primarily due to the net gain associated with the terminated merger agreement, mainly the break - up fee, recorded in 1Q17 and lower pretax earnings year over year in the Retail and Healthcare Services segments, partially offset by higher Group and Specialty segment pretax earnings.

«You will also be able to add your car to the Tesla shared fleet just by tapping a button on the Tesla phone app and have it generate income for you while you're at work or on vacation, significantly offsetting and at times potentially exceeding the monthly loan or lease cost...

«If there are any negative effects of low rates on net interest income in the future, they should be largely offset by the positive effects of monetary stimulus on the other main components of profitability, such as the quality of loans and therefore on loan - loss provisions,» Draghi added.

As a result, previously reported aggregate business segment net sales and operating income for total year 2017 increased $ 1.568 billion and $ 402 million, respectively, offset by similar increases in the elimination of dual credit net sales and operating income amounts.

Trump and Republicans in Congress may argue that abolishing the deduction for state and local taxes would be more than offset by cuts in income tax rates.

«You will also be able to add your car to the Tesla shared fleet just by tapping a button on the Tesla phone app and have it generate income for you while you're at work or on vacation, significantly offsetting and, at times, potentially exceeding the monthly loan or lease cost,» he said.

This change resulted in a decrease in previously reported net sales and an increase in operating income for total year 2017 of $ 1 million and $ 42 million, respectively, in the Electronics and Energy segment, offset by a corresponding increase in net sales and decrease in operating income within Corporate and Unallocated.

Revenue from Citigroup's fixed - income trading business fell 7 percent to $ 3.4 billion in the first quarter, but that was offset by a 38 percent hike in equity trading sales.

It may be that losing some of the entertainment - related expense deductions will be offset by reduced tax rates in case of corporations and the new 20 percent qualified business income deduction for pass - through entities.

The long term trend actually shows the loss in middle income households has been offset by an increase in upper income households.

Budgetary revenues as a share of GDP are projected to decline from 14.8 per cent in 2015 - 16 to 14.4 per cent in 2025 - 26, as higher personal income taxes, resulting from the progressivity of the tax system, are more than offset by stability or declines in the other taxes.

The $ 800K paying off the mortgage no longer produces passive income, but an implied return equivalent to the mortgage APR; tax minimization from the other side, no longer having to be offset by deductions.

The costs of these initiatives is somewhat offset by reductions to defence spending ($ 5.6 billion by 2015 - 16) and the elimination of personal income splitting.

The economists Alan Viard and Eric Toder have a plan to do this; they would offset repeal of the corporate tax by taxing dividends and capital gains at the same rate as ordinary income, and by taxing those gains every year, not just when the stock is sold.

Of the year - over-year improvement, budgetary revenues were up by $ 11.4 billion, primarily due to higher personal and corporate income tax revenues, while program expenses were up by $ 0.4 billion, as lower other transfer payments and employment insurance benefits were more than offset by higher transfers to provinces / territories, elderly benefits and other direct program expenses.

The higher - than - expected deficit forecast in 2014 - 15 and lower - than - forecast surpluses thereafter primarily result from lower personal income taxes and EI premium revenues and higher public debt charges, offset somewhat by higher - than - forecast corporate income tax revenues and lower EI benefits.

PBO is forecasting much stronger growth in personal income and therefore higher personal income tax revenues offset to some extent by slower growth in corporate profits and thereafter lower corporate income tax revenues.

Corporate income tax revenues were down $ 0.4 billion, due to the reduction in the general corporate income tax rate, largely offset by a decrease in refunds, while «other revenues» declined by $ 1.4 billion.

Budgetary revenues were up by $ 9.8 billion, primarily due to higher personal and corporate income tax revenues, while program expenses were down by $ 4 billion, due to lower «other transfer payments» and employment insurance benefits, partially offset by higher transfers to provinces and elderly benefits.

At Media Networks growth in operating income was due to higher results at Cable partially offset by lower results at broadcasting.

At Parks and Resorts growth in operating income was driven by higher results at our domestic operations which saw gains in both attendance and guest spending, partially offset by lower results at our international operations.

Most recently, it includes the «family tax cut», better known as income splitting for families with children under the age of eighteen, along with enrichments to the Universal Child Care Benefit (offset by the elimination of the Child Tax Credit) and to the youth fitness tax credit.

Excluding items impacting comparability, adjusted EBIT decreased 4 percent to $ 402 million primarily reflecting a lower adjusted gross margin percentage, partly offset by an increase in adjusted other income and lower marketing and selling expenses.

Canada underlying pretax income decreased 6.4 percent to $ 48.5 million in the quarter, primarily due to incremental brand amortization expense of $ 10.9 million and lower volume, partially offset by cost savings and positive pricing.

By realizing, or «harvesting» a loss, investors are able to offset taxes on both gains and income.

Excluding items impacting comparability, adjusted EBIT decreased 10 percent to $ 819 million reflecting a lower adjusted gross margin percentage, lower sales and higher adjusted administrative expenses, partly offset by lower marketing and selling expenses and an increase in adjusted other income.

This net tax benefit includes the estimated impact of the revaluation of U.S. net deferred tax liabilities based on the new lower corporate income tax rate, partly offset by the unfavorable impact of a repatriation tax.

Real market incomes were falling, and this reduction was not offset by a favourable income distribution regime.

The net negative fluctuation in financial income and expenses was primarily due to lower income related to gains from venture fund investments, which positively affected the third quarter 2017 and foreign exchange fluctuations, partially offset by the absence of an impairment charge related to the performance of certain private funds investing in IPR, which negatively affected the third quarter 2017.

Reductions primarily in store controllable costs and marketing spend were partially offset by lower credit income and higher incentive compensation.

Escalating prices in the province were largely taken in stride by Alberta homebuyers in Q2 as lower mortgage rates and solid growth in household incomes provided offset.

North American economies have been characterized by stable interest rates, strong employment levels and higher incomes, which have offset the weakness in the housing and auto sectors.

Some — but not all — of the gains at the top of the income distribution were offset by a tax and transfer system that took an extra three per cent of total income and redistributed it further down.

These savings were primarily driven by reductions in store controllable costs and marketing efficiencies, which were partially offset by lower credit income and higher incentive compensation.

Filers with incomes over $ 500,000 would be greatly affected, but their loss in deductions would also be offset by the decrease of the top income tax rate (from 39.6 % to 37 %), the doubling of the estate tax deduction and cutting the capital gains rate from 23.8 % to 21 %.

Year - to - date PTPP earnings of $ 165.9 million increased 6 % as the positive impact of very strong 9 % loan growth was partially offset by an 11 basis point decrease in net interest margin, an 8 % increase in non-interest expenses and 6 % lower non-interest income.

Growth of 7 % in net interest income (teb) was driven by very strong 13 % loan growth, partially offset by the impact of a 13 basis point reduction in net interest margin (teb) to 2.43 %.

Strength in Morgan Stanley's (MS) wealth management and investment banking businesses more than offset declines in bond - trading revenues, boosting its net income by 12 % versus last year.

These positive earnings drivers were more than offset by the combined impact of several factors, including increased energy - related provisions for credit losses, a 17 basis point decline in net interest margin, moderate growth of non-interest expenses, the addition of acquisition - related contingent consideration fair value changes reflecting performance within CWB Maxium Financial (CWB Maxium), higher preferred share dividends, and the 20 % increase to CWB's income tax rate in Alberta.

PTPP earnings were 4 % higher, reflecting the combined benefits of very strong 4 % loan growth, a 32 % increase in non-interest income and relatively stable net interest margin, partially offset by higher non-interest expenses.