Sentences with phrase «on a tax free basis in»

The cash values would also be available to fund lifestyle or personally managed investments on a tax free basis in the form of refunds of premiums paid in and policy loans (which would be paid off on death by the death benefit.)

Not exact matches

Last year, the figure was 333,000, of which 184,000 came from the E.U. Even if you accept, as most do, that immigration has expanded the tax base and kept the price of both food and services down, the influx — for which there is no end in sight — is changing the face of the country too fast for the population to stomach, and the E.U.'s rules on free movement of labor are an easy target.

The budget also includes several smaller tax proposals such as eliminating marriage penalties in the tax code and introducing universal tax - free savings accounts, presumably on a revenue - neutral basis.

There's a clear uptrend in the amount of money that's flowing into muni bond funds on a weekly basis, fueled by not just the appetite for tax - free income but also a need to preserve capital.

A rise in interest rates — in part related to tax cuts which will stimulate the economy and require the government to issue more debt — caused many investors to revalue their stock holdings (equities are often valued in part based on their expected returns versus a risk - free Treasury).

Once you turn fifty, the IRS allows you to make additional tax - free contributions.Visit the IRS website to see how much more you can contribute based on your age, your earning level, your marital status, and whether you already participate in your company's retirement plan.

The amount you invest in a Roth IRA (the basis) can be withdrawn anytime penalty - and tax - free after five years, and there are no RMDs on Roth IRAs held by the original owner.

Start - Up New York's multi-million dollar underlying costs — the fact that we have lost more jobs in the past six months than any state in the nation — and the notion this so - called «tax free» economic program will attract businesses to the least - friendly to business state in the U.S. — is not based on reality.»

Citing an article in Forbes by Kurt Badenhausen, The Detroit Free Press says that the 450hp C7 could come with a $ 25,000 tax bill in the glovebox based on its estimated $ 60,000 price tag.

Once converted to a Roth IRA, all earnings can accumulate on a tax - free basis (if holding period requirements are met), giving you more flexibility to manage your cash flow in retirement.

If holding period requirements are met, all earnings that accumulate in a Roth IRA can be withdrawn on a tax - free basis.

But if you've invested in corporate class mutual funds, you'll want to do any switching between funds on a tax - free basis now until September as that special tax - free treatment will disappear.

When must a distribution from an HSA be taken to pay or reimburse, on a tax - free basis, qualified medical expenses incurred in the current year?

«Due to the nature of the tax sheltering, combined with the ability to make withdrawals on a tax - free basis, you may actually want to hold high - growth stocks in a TFSA,» says Lamontagne.

Tax Free Savings Accounts (TFSAs) have come in for a drubbing lately, based on various media reports of a Canada Revenue Agency (CRA) «crackdown» on frequent traders who have racked up excessive gains.

Just to be a little clearer, your withdrawals will be tax free on the basis (premiums paid in).

In Canada, the spousal rollover allows a deceased spouse to pass his assets on to his surviving spouse on a tax - free basis.

On a nominal return basis, investment grade corporate bonds tracked in the S&P 500 Investment Grade Corporate Bond Index have outperformed tax - exempt bonds tracked in the S&P National AMT - Free Municipal Bond Index.

They are transferring their properties to the corporation on a tax - free basis to earn the rental income in the corporation — in part, to reduce their OAS clawback.

The expected family contribution (EFC) is based on the tax and financial information reported in the Free Application for Federal Student Aid (FAFSA).

For transfers after 2013, investment income earned in an RESP can also be transferred on a tax - free basis to an RDSP provided the plans share a common beneficiary.

From 1 July 2017, the government will introduce a $ 1.6 million cap on the total amount that can be transferred and held in the tax - free retirement phase for account - based pensions.

All capital properties, such as shares in companies and real estate, are automatically transferred between spouses or common - law partners on a tax - free basis.

While the amount we're able to accumulate for retirement on tax - free basis in an RRSP is supposed to be equivalent to the amount of pension benefits that can be accrued under a defined benefit pension plan, the reality is that the «majority of Canadians who save for retirement in (RRSPs are) at a major disadvantage,» says a new report out this week from the C.D. Howe Institute.

On that basis, if your asset allocation and your portfolio composition enables you to invest for capital gains in a non-registered or Tax Free Savings Account, it might be better to do so versus growing a large RRSP, Kerry.

Your money continues to grow income tax free in your policy based on cash value guarantees and potential dividends

From the moment the Roth IRA was created in the late 1990s, it has been a popular vehicle to generate future tax - free growth and income, whether by contributing to the account on an ongoing basis, or even doing a Roth conversion of an existing IRA or other pre-tax retirement account.

Federal Tax Exemptions Update: Loan repayments made under the NJLRP are tax free for Federal taxes for health professionals working in underserved areas based on the Expanded Tax Benefit for Health Professionals Working in Underserved Areas created by the Affordable Care Act of 20Tax Exemptions Update: Loan repayments made under the NJLRP are tax free for Federal taxes for health professionals working in underserved areas based on the Expanded Tax Benefit for Health Professionals Working in Underserved Areas created by the Affordable Care Act of 20tax free for Federal taxes for health professionals working in underserved areas based on the Expanded Tax Benefit for Health Professionals Working in Underserved Areas created by the Affordable Care Act of 20Tax Benefit for Health Professionals Working in Underserved Areas created by the Affordable Care Act of 2010.

The Citi Prestige Card offers the 4th night free on stays of 4 nights or more (you still have to pay the taxes on the «free» night) but, where in the past the rebate was specifically on the cost of the 4th night, the rebate now is based on the average cost of the other nights.

• Lifting the targets to 25 - 40 % by 2020 based on the latest scientific evidence • • Abolishing the free permits granted to the biggest polluters • • Ensuring that individual action results in lower emissions, not lower carbon prices • Unless these major flaws in the CPRS can be fixed the government should introduce a carbon tax as a matter of urgency.

In these cases, a structured settlement must be utilized not only for the protection of your client, but to ensure that the funds necessary to him / her are available on a tax - free basis.

The Treasury consultation, Paying a Fairer Share: a Consultation on Residence and Domicile, issued on 6 December 2007 stated that one of the anomalies to be corrected was «the fact that certain anti-avoidance legislation, such as provisions introduced to prevent UK residents from making gains tax free in offshore structures, does not work effectively in relation to remittance basis users.

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The third involved the structuring of a «butterfly» transaction in which the Plaintiff's business was divided into separate companies on a tax - free basis.

Parents have access to the cash value on a tax - free basis in the form of withdrawals or loans, and the cash value can grow for future plans such a down payment on a home or retirement.

Policy loans and withdrawals are available to access cash value.Policy loans are tax free and withdrawals are tax free up to your basis in the policy, i.e. based roughly on how much premium you have paid into the policy.

Meanwhile, Congress amended the IRC several times again to both ensure that the prohibition on borrowing (on a deductible basis) to fund insurance acquisitions was clear and to deny the tax - free nature of death benefits to corporate employer in some situations (e.g., if the insured was not provided with adequate advance notice and an opportunity to block the insurance acquisition or if the insured was not an employee of the corporation within a year of his or her death).

To avoid taxation on policy distributions in excess the policy's basis, loans can be used to access additional cash values tax free.

The payouts from term life policies are almost always tax - free, except in situations where the person being insured, the policy's owner, and the beneficiary of the policy are all different people (agents refer to this type of arrangement as the «unholy trinity» or the «Goodman Triangle,» based on the court case that established this rule), or if they would put your estate over the estate tax threshold.

The cash accumulates on a tax - deferred basis and it can be accessed at any time and for any purpose in a tax - free manner.

Your money continues to grow income tax free in your policy based on cash value guarantees and potential dividends

In a life insurance contract, for instance, all withdrawals from cash value are taxed on a «First in First Out» basis, meaning that cost basis is withdrawn before gains, free of taIn a life insurance contract, for instance, all withdrawals from cash value are taxed on a «First in First Out» basis, meaning that cost basis is withdrawn before gains, free of tain First Out» basis, meaning that cost basis is withdrawn before gains, free of tax.

As your cash value account grows through tax - deferred interest, the policyholder can easily take loans against the policy on a tax - free basis for any reason, In fact, policy loans are not required to be repaid.

Examples of these benefits are the ability to grow tax free, policies have an increasing death benefit based on contract value (higher returns mean higher death benefit), and withdrawals are still taxed FIFO, so up to the amount you put in the contract is not considered by the IRS to be taxable.

As with other kinds of permanent life insurance policy, Indexed UL policies have the potential of building up cash value that can accumulate on a tax - free basis that a policyholder can access on a tax - free basis later in life.

Think of it as a way to purchase annually renewable term insurance (although you can lock in a 10 - year fixed term cost under the policy if you wish) by having the term insurance premiums deducted, on a tax - free basis, from the interest growth on your deposit into the policy.

The money grows inside of the policy on a tax - deferred basis and can be drawn out in retirement on a tax free basis.

What if you had really cheap or free labor, reduced or nonexistent property taxes, a ready fund of cash so that you weren't paying a lot in mortgage payments, and the ability to have people live in houses that were completed but not sold on a short - term basis who were willing to vacate on a moment's notice?

When you pass away your heir get a step up in basis of the properties so the tax on your gain and depreciation is eliminated for your heirs and they get the properties tax free to begin their own investing journey.

All the gains will flow back to the solo 401k and grow on a tax deferred basis or tax free in the case of a Roth Solo 401k.