Sentences with phrase «tax shelters for»

These limitations on deductible losses were set in tax legislation passed by Congress in 1986, in response to what some felt were excessive tax shelters for investment real estate.

The government should make a long - term commitment to grow support mechanisms like the Canada Music Fund and FACTOR, invest in music training and education, create limited tax shelters for copyright royalties, protect artists from inequalities in bargaining power and make collecting societies more transparent.

As top marginal tax rates have risen in recent years to well over 50 per cent in many provinces — specifically, in Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia and PEI — the RRSP is one of the most straightforward tax shelters for high - income employees.

Since the annuity (tax shelter) itself has a fee, plus the mutual fund company's fees and other fees associated with the investments themselves, annuities are the more expensive tax shelters for retirement, compared to 401K type plans, IRA's (including ROTH), and other options.

He loudly opposed 1986 tax reform legislation because it shut down tax shelters for real estate investors like him.

«Have you heard about the latest tax shelter for the super-rich?»

The «set it and forget it» nature of 401 (k) contributions, which come out of your paycheck automatically, might make the 401 (k) an automatically superior tax shelter for people who aren't good about making regular retirement contributions on their own.

The churches have sold out, period.Today «s churches offer nothing but a tax shelter for the selling of religion.

A tax shelter for a cadre of private dentists?

With the average inheritance in Canada expected to be $ 100,000, according to a recent Bank of Montreal study, the TFSA could provide a tax shelter for ordinary Canadians facing a retirement with reduced private pensions and less government support.

HSAs are a great tax shelter for those with disposable income.

If you're not worried about running out of RRSP room (with employment income without a pension adjustment, and with a TFSA, it's hard to run out of tax shelter for many people), then the contribute - but - defer plan is likely not for you.

The «set it and forget it» nature of 401 (k) contributions, which come out of your paycheck automatically, might make the 401 (k) an automatically superior tax shelter for people who aren't good about making regular retirement contributions on their own.

Do the tax - deferred extra contributions 401 (k) participants make after the age of 50 amount to a tax shelter for wealthy Americans?

In addition, TFSAs and RESPs are not considered tax sheltered for U.S. tax purposes.

It can also be considered as an additional tax shelter for those who have maxed out in their IRA.

So keep that in mind if you're thinking this could be a tax shelter for your tremendous horde of cash in the basement.

The policy owner pays premiums (that can be flexible) that cover the cost of insurance, build a forced savings account, and provide a tax shelter for contributions.

Irrevocable life insurance trusts have long been a popular tax shelter for such individuals.

If you need additional means to find a tax shelter for your retirement income, then a permanent policy may be the ideal choice.

«My CPA recommends not holding properties past the point at which the depreciation provides a tax shelter for income.

Not exact matches

«These changes will only really affect high net worth Canadians who can afford more sophisticated techniques for tax sheltering.»

While the most generous among us have to look out for incurring a gift tax, which is a tax designed to discourage sheltering income in «gifts,» you can contribute up to $ 14,000 per year, per child, and per donor.

But back in the real world, tax sheltering did not end until Reagan signed the Tax Reform Act of 1986, which made it much more difficult for people to manipulate losses to create tax sheltetax sheltering did not end until Reagan signed the Tax Reform Act of 1986, which made it much more difficult for people to manipulate losses to create tax shelteTax Reform Act of 1986, which made it much more difficult for people to manipulate losses to create tax sheltetax shelters.

The tax shelters remove any reason for selling in order to create a tax loss.

That's pretty much what the federal government has been doing since 2006, with tweaks such as abolishing mandatory retirement, a graduated rise in the eligibility age for OAS benefits and new tax - sheltered savings vehicles in tax - free savings accounts and pooled registered pension plans.

This makes three weeks of regular warnings from Goldman and other banks that stocks have soared on a wing and prayer, with investors hoping for, and pricing in, something that may be forthcoming only belatedly, if at all, and only in much watered down form, and perhaps without much effect on corporate earnings after all, especially since the US corporate tax code, as it is, already provides companies countless ways to shelter their income.

For dividend investing, I do most of mine through my various IRAs in order to get the tax shelter on the dividends so they grow that much faster.

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors who are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 percent rate, invite all kinds of tax shelter abuse.

Another reason analysts consider the January effect less important as of 2016 is that more people are using tax - sheltered retirement plans and therefore have no reason to sell at the end of the year for a tax loss.

A second investment of # 40 million was announced in 2014 with ongoing support for these platforms being provided both monetarily and legislatively with the most recent examples being tax - free shelters for P2P investors and mandatory referral programs for borrowers from banks.

Speaking to a fundraiser for an Ottawa homeless shelter, Mr. Layton said carbon taxes would raise home heating costs and hurt Canadians living on the margins.

The Reagan tax reform simplified the code by eliminating the need for rules distinguishing ordinary and capital gains income, because these were taxed at the same rate, and by doing away with industry - specific shelter provisions.

These benefits would (i) largely go to developers and contractors for infrastructure projects like new pipelines that would happen even without new incentives and so be highly regressive; (ii) raise costs by failing to reach the tax - free pension funds, sovereign wealth funds and international investors that are the most plausible sources of incremental infrastructure finance; (iii) not encourage at all the highest return maintenance projects like fixing potholes that do not yield a pecuniary return for investors; and (iv) by offering credits at an unprecedented 82 per cent rate, invite all kinds of tax - shelter abuse.

The most common «preference» items, however, are for state and local tax deductions, personal exemptions, and miscellaneous itemized deductions — not items normally thought of as preferences or shelters.

Obama wants to do away with corporate tax benefits like oil and natural gas industry subsidies, special breaks for the purchase of private jets and certain corporate tax shelters.

About 75 % of the tax money would go towards funding more affordable housing and the rest towards emergency and shelter services for the homeless.

While it doesn't provide an immediate tax credit, it provides tax - sheltered growth and allows for tax - free withdrawal of capital and any capital gains, along with re-contribution of the withdrawn amounts in future years.

Also known as a tax - sheltered annuity (TSA) plan, a 403 (b) is a retirement plan for some employees of public schools, employees of certain tax - exempt organizations, and certain ministers.

Lifestrategy sounds like a great idea for tax sheltered accounts (ISA, SIPPs), but if you have significant taxable amount to invest, then is it a good idea?

It would be good tax planning to prioritise bond funds (including those with up to 40 % equities) for tax shelters, and for any such funds that can not be sheltered and that have any equity assets, convert them into equivalent mixes of pure bond funds and pure equity funds.

With the current uncertainty over long - term tax rates as well, investors are keen on owning municipal bonds that will provide a tax - shelter for those higher tiers as well.

While it might sound boring, this distinction means that the Roth 401 (k) is, for all intents and purposes, one of the single best tax shelters ever devised in the history of the United States.

Most tax sheltered investments unfortunately are for retirement and if you do take it out early you suffer penalties.

To demonstrate how extreme this can be for super-savers and aggressive investors: Under the right conditions, a successful married couple in 2015 could put up to $ 106,000 between the two of them into these tax shelters.

My hesitation for covering the stock has been a product of the Belgium headquarters which require heavy dividend taxation regardless of whether you make the investment in a regular brokerage account or a tax shelter, and the company's staggering debt load.

This is great for those who are looking to invest long term because the interest paid from peer to peer loans are usually taxed at your highest marginal tax rate if it isn't tax sheltered.

On the federal level, while the wages of ordinary workers find no shelter from the Internal Revenue Service, exemptions and special preferences for landowners whittle down their taxes or turn real estate losses into profits.

A congressional bill introduced in February, it proposes reforming the Johnson Amendment to allow pastors to maintain their free speech and political speech rights in their day - to - day roles, but restricts additional spending on political messaging — the kind that could turn churches into tax - free shelters for political fundraising.

What do you think of this idea — Income the church receives that is used to help the poor, run homeless shelters, alcohol treatment programs and so on (rather than pay for church buildings and that sort of thing) would not be taxed?