Sentences with phrase «significant tax hit»

But it's still a significant tax hit that life insurance owners don't have to face.

Another reason is that foreign investments trigger a significant tax hit, so a US stock X with 5 % ROI is better than foreign stock Y with 7 %, because of the tax «punishment» the US Congress enacts on investments in foreign lands.

Not exact matches

Steve Seelig, senior regulatory advisor at benefits consulting firm Willis Towers Watson, said that, of three changes related to executive compensation in the tax reform plan — the other two involve stock options and performance - based pay — it's the hit on tax - exempt executive compensation that is the most significant.

In plain English, our members are fearful that with these new complex tax regulations family businesses — the «golden goose» of Canada's economy — will be hit with higher taxes, fewer retirement and estate planning options, compensation restrictions for family members, and significant compliance costs.

The tax reform bill, which could get a vote in the U.S. House of Representatives this week, would limit the amount of property taxes New Yorkers can deduct — a significant hit to many in high - tax states like New York and New Jersey.

The effects of forthcoming federal tax reform efforts — such as limitations on the deductibility for state and local taxes and the exemption for municipal bonds — could hit the state hard, the duo said, and have «significant implications» for the revenues of both New York City (the state's main economic engine) and the state.

Property values fell sharply after the recession hit, making it difficult for local school districts to raise significant additional revenue through the property tax to make up for cuts in state funding.

At an Assembly Education Committee hearing last week, for example, a bill Walker backs that would allow parents of special education students to use state tax dollars to pay for private school tuition hit significant roadblocks.

But the tax hit from withdrawing from a tax shelter like an RRSP is significant and should generally be avoided during your working years.

Beyond the negative tax implications, the long - term effect of a deed in lieu includes a significant hit to your credit score.

If you owe a significant amount of debt, talk with a tax adviser to get an idea of how big the tax hit may be.

The rising U.S. dollar (with over 40 % of the average S&P 500 companies» earnings coming from abroad) and the current record after - tax profit margins, combined with deflation, could result in significant declines in the earnings of the S&P 500 companies — just as the index hits record highs.