Sentences with phrase «tax perspective»

Coming from a family of retail store owners with 15 - 20 employees each, I would like to know what people think is «fair» from an income tax perspective?

From a federal tax perspective, you are allowed to contribute up to $ 14,000 annually without incurring gift tax consequences.

When you contribute in - kind to the RRSP, from an income tax perspective, you are deemed to have sold the stock at the current market value.

We can't see everything from tax perspective.

But that doesn't make sense from the same tax perspective as Mr. Money Mustache faced.

The 148bhp 2.0 TDI diesel is expected to be the mainstay of Arteon sales in the UK, and it offers pretty impressive claimed economy of 65.7 mpg on the combined cycle, while C02 emissions of 112g / km mean it's reasonably efficient from a company car tax perspective too.

If a client is considering purchasing a new home with cash to avoid any potential mortgage financing during the divorce process and plan to take a mortgage out in the future, they should understand the 90 Day Cash Rule from both a mortgage perspective as well as an IRS Tax perspective.

From a general tax perspective, the Roth IRA is the better choice if your tax rate during retirement will not be lower than your current tax rate, as the Roth IRA allows you to pay the taxes now and receive tax - free distributions when your income tax rate is higher.

Then, given that capital losses can be deducted against past capital gains, it seems to me that sometimes the current income may be, from an after tax perspective, a wise way to exploit the capital gain.

«From a Canadian tax perspective, regardless or your marital status you are an individual taxpayer and you are required to file your own tax return,» Hamel said.

Any suggestions on how to make the TFSA work from the US tax perspective?

Topics discuss interview to execution, testamentary capacity, basic and complex will situations, and special considerations — including tax perspectives and areas of the new Wills and Succession Act surrounding intestacy and family maintenance and support (FMS) claims.

At less than two per cent per $ 1,000 of commercial assessment, St. John's is the most business friendly community in the country from a property tax perspective, followed closely by Calgary and Edmonton.

From tax perspective, LLC is disregarded so you'll be a schedule C taxpayer anyway.

Its called the «stepped up basis» and it means strictly from a Federal income tax perspective it is much better to inherit the land rather than be gifted it.

From a federal tax perspective, and using current rates to illustrate the point, Euclidean's 10.9 % annualized return would result in a similar after - tax result as a 14.6 % annualized return realized in a fund generating exclusively short - term gains.

The worst case scenario currently from the company car tax perspective, is the 237bhp 2.0 BiTDI diesel in R - Line trim.

Although I consider my real estate to be passive from an IRS tax perspective, what many people (including myself) have failed to realize is how much active work is required for managing and maintaining property.

«From a tax perspective, there is no change,» says Karen Weaver, First Capital's CFO.

If someone needs to draw a lump sum, say $ 300,000, they would typically go to their nonqualified accounts because drawing a $ 300,000 lump from an IRA would be devastating from a tax perspective.

Likewise, you can only apply the deduction to the first $ 1 million of any mortgage, so from a tax perspective the 50,000 square - foot villa isn't much better than the 10,000 square - foot mansion.

If the cost of your interest and taxes isn't enough, when combined with other itemized deductions, to exceed the standard deduction you're entitled to receive, then buying a home won't do you any good from a tax perspective.

Generally, from a tax perspective, it is more favorable for participants to roll over their retirement plan assets to an IRA or new employer - sponsored plan rather than take a lump - sum distribution.

From a tax perspective, the time period that you expect to own that asset can make a difference.

If you pass away within three years of transferring the life insurance policy to the trust, the policy will likely become part of your estate from a tax perspective.

Traditional IRAs give you lots of ways to invest, but some investments are better suited than others from a tax perspective.

From a tax perspective, it's essentially viewed as you being the beneficiary to a life insurance payout.

From a tax perspective, readers may want to know that there is something that federal tax code calls the passive loss limitation rules that prevent taxpayers from offsetting passive losses against other forms of income.

«From a tax perspective, I'm of the mind that if you prepare properly you won't need to walk off the cliff — at least, not as a result of tax filing,» says Doug Bekker, tax partner at BDO USA in Grand Rapids, Mich..

Also, locking in gains can be expensive from a tax perspective in stocks, where would you pull from if RE went on sale?

You'll have an account from when you registered your business, so it's worthwhile accessing their blogs and news articles to find out what you need to know from a tax perspective.

«Don't just look at it as an opportunity to raise revenue from a tax perspective; look at the impacts on society both now and long - term.»

The long - term versus short - term distinction applies to capital losses as well, but from a tax perspective, there's really no difference in treatment.

A: Asset sales between family members can be tricky to facilitate at a family level, let alone from a tax perspective.

6) If investing in either bonds or GICs, if preferred shares are better from a tax perspective or if stocks are better from a risk / reward perspective.

What are the pros / cons financially of retiring in Quebec vs. Ontario from a benefits and tax perspective?

From a tax perspective, your mother will generally pay more income tax in Quebec than Ontario.

The easiest solution to the problem — at least from a tax perspective — is simply to unbundle the financial planning and investment management fees.

Can you find any holes in this method from a tax perspective?

From a tax perspective, an unincorporated business that you run generates personal income that goes on your personal tax return.

«If the investment fits your needs, then take a look at it from a tax perspective.»

From a tax perspective, any distributions from the Fund that might occur will be characterized as nontaxable return of capital (lowering the investor's cost basis).

Next week we'll take a look at what my $ 3 million retirement portfolio will look like from a tax perspective, and the steps I'll take in terms of withdrawals and rollovers to reduce or even pay no tax at all!

From a tax perspective, it's essentially viewed as you being the beneficiary to a life insurance payout.

If you pass away within three years of transferring the life insurance policy to the trust, the policy will likely become part of your estate from a tax perspective.

I'm 30 and was trying to determine (from a tax perspective) where I should be putting my money for retirement.

It also can make sense from a tax perspective.

Having these different sources of active and passive income can get complicated from a tax perspective, so you must understand the different upfront.

However, he noted that since preferred share dividends are treated more favourably than interest income from a tax perspective, these securities pay 8.625 per cent on an interest - equivalent basis.

As an individual, you will never come out ahead (from a tax perspective) by borrowing money to buy things that qualify for tax deductible interest (whether its your primary home, a second home, rental property, or even a boat).