Sentences with phrase «regular income for tax purposes»
What with the currency risk, currency - 0conversion fees (or hassles of avoiding them like making phone calls) and drawbacks of RRSPs (e.g. convert capital gains and dividends to regular income for tax purposes, etc), it's not surprising I often hear Canadians say they don't do much foreign diversification!
http://www.canadiancapitalist.com/ Not exact matches
«If you use the money for purposes other than education, you are taxed regular income taxes on any gains plus a 10 % penalty,» notes Benedict.
For purposes of the regular income tax you report gain of $ 45 per share ($ 80 minus $ 35).
You may have to pay the AMT if your taxable income for regular tax purposes, combined with certain adjustment and tax preference items (including interest on certain private activity bonds), is more than the following exemption amounts below:
For purposes of the regular income tax your basis is simply the amount you paid to buy the stock.
An investment in The Fund may therefore not be suitable for investors seeking a regular income stream for financial or tax planning purposes.
A: Indeed, the U.S. does not consider a TFSA to be any special type of account for tax sheltering purposes, so from their perspective, it's a regular investment account and the income earned would be investment income which, as a U.S. citizen, you must report to the IRS on your U.S. tax return.
For regular tax purposes, you don't report any income on the exercise of the incentive stock option.
Medical expenses Medical expenses can be deducted for AMT purposes, but they must exceed 10 % of adjusted gross income, instead of 7.5 % for regular tax purposes.
Using the IRS definition: You may have to pay the AMT if your taxable income for regular tax purposes plus any adjustments and preference items that apply to you are more than the AMT exemption amount.
For regular income tax purposes, the «spread» or «bargain element» — the difference between the price paid and market value of the stock — is not taxed when the option is exercised.