Sentences with phrase «subsequent tax years»

When investors harvest an investment loss — by selling the tanking stock — they can apply that loss against gains in that same tax year as well as any gains in subsequent tax years, so they end up paying less tax overall.

Although buyers are protected from taxes for years prior to their year of purchase, buyers may insure a tax increase for the current and subsequent tax years if the assessors discover omitted property.

GE had net operating losses at the height of the financial crisis that federal law allows them — and every other corporate taxpayer — to carry over to subsequent tax years so as not to unfairly burden it with the calendar set by bureaucracy.

The rate will be reduced to 3.25 percent for tax year 2016, to 2.9 percent for tax year 2017 and to 2.5 percent for subsequent tax years beginning in 2018.

Capital losses have limited impact on earned income in subsequent tax years, but they can be fully applied against future capital gains.

Budget 2016 restores the tax credit for share purchases of provincially registered Labour - Sponsored Venture Capital Corporations to 15 % for 2016 and subsequent tax years.

While your eligibility for this deduction phases out at a certain income threshold, deducting your student loan interest paid if you are able will, ironically, lower your AGI and help you qualify for lowered monthly payments in the subsequent tax year.

Budget 2016 will restore the Labour - Sponsored Venture Capital Corporations (LSVCC) tax credit to 15 % for share purchases of provincially registered LSVCCs for 2016 and subsequent tax years.

«Economic Action Plan 2015 proposes to increase the TFSA annual contribution limit to $ 10,000 effective for 2015 and subsequent tax years,» according to budget documents.

Co-author, «Litigation of a Tax Exemption Dispute as to One Tax Year Does Not Apply to Subsequent Tax Years,» Fulbright Briefing - Tax, November 6, 2012

The Regulations amended the Provision of Information Regulations with effect from the tax year 2018 - 19 and subsequent tax years, to provide for a reportable event when a scheme ceases to be a Master Trust Scheme.