Sentences with phrase «taxation year as»

(3) A self - employed person's weekly income or loss from self - employment at the time of the accident is the amount that would be 1/52 of the amount of the person's income or loss from the business for the last completed taxation year as determined in accordance with Part I of the Income Tax Act (Canada).

Furthermore, unlike IRA Rollovers, you can carry as many IRA transfers during the taxation year as you'd like, there's no maximum limit.

Not exact matches

This may explain the year - over-year decline in corporate income tax revenues in December 2012, as corporations with a taxation year ending on October 31st filed their final payments.

Published earlier this year in the journal Nature Climate Change, it includes sparing healthy food from taxation, as well as selective compensation for income losses associated with tax - related price increases.

The US government expects to collect $ 339 billion in taxes on these foreign profits in the next 10 years, as it transitions to a territorial tax system from its current worldwide taxation on profits earned by foreign subsidiaries.

A primary advantage of this philosophy arises due to the way the taxation system is setup in the United States, which creates an inherent edge that accrues to the passive strategy as the years go by and compounding works its magic.

If these changes are to take effect in the 2015 taxation year, a «Ways and Means» motion must be introduced in the House as soon as possible, in order to give the Canada Revenue Agency (CRA) sufficient time to prepare new tax forms for taxation year 2015.

The platform planks for «32 embodied a number of Century concerns: U.S. adherence to the World Court protocol; U.S. entry into the League of Nations, provided that its covenant be amended to eliminate military sanctions; U.S. recognition of the Soviet Union (which was granted a year later); the safeguarding of the rights of conscientious objectors (including those denied citizenship, such as Canadian - born theologian D. C. Macintosh of Yale Divinity School); the abolition of compulsory military training in state - supported educational institutions other than military and naval academies; emergency measures for relief and public - works employment; the securing of constitutional rights for minorities; the reduction of gross inequality of income by steeply progressive rates of taxation on large incomes; «progressive socialization of the ownership and control of natural resources, public utilities and basic industries»; «the nationalization of our entire banking system»; and so on (June 8, 1932).

The Scottish Government has a duty to control the overall yield of local taxation, as it is responsible for balancing the government budget overall, and also for any controls such as those suggested above to equate the yield of the new taxes in year 1 with the yield of the old taxes in year 0;

Gordon Brown as chancellor and prime minister has presided over the largest hike in taxation of any government for more than 30 years.

As Rockland County Times Publisher Emeritus Armand Miele has been trying to wake Rockland residents and officials up to for years, the MTA is running an unfair taxation system that is like «taxation without representation.»

In its first year of existence, MCFA focused on setting up a network of contacts between Marie Curie Fellows across Europe, and on tackling host country - specific issues (such as taxation and social security problems and fellows» contracts with their host institutions).

As local taxation strongly penalized cars over two - litre in displacement, Italian buyers were offered a 2.0 L version, which developed a little more power (287 PS or 211 kW) but less torque than the 2.8; on the home market the 2.8 was not offered until a year after its introduction.

The niche market, which is only 1 per cent of total passenger car market, was bumping from one regulatory or taxation hiccup or another since the past two years such as the Supreme Court ban on high end diesel vehicle sale in Delhi - NCR, note - ban and the short - lived GST boost.

GoodEReader.com reported earlier this year on the current state of disarray regarding ebook taxation internationally, specifically in Germany, where ebooks are taxed at more than double the rate of printed books because they are classified as software downloads.

Financial Freedom presents Roth Contributions, posted at Retirement Spreadsheet, saying, «The Roth tax optimization puzzle for asset conversions, as well as for annual Roth contributions during working years, is one of the most complex decisions that the ridiculously complex US taxation and retirement planning system forces upon individuals.»

If you do not utilize the amount within three years of the sale of the first property, such un-utilized amount will be treated as LTCG this will lead to taxation of the unutilized amount as long - term capital gain after three years of the sale of the first / original property.

Child Tax Credit This tax credit for parents of kids under 18 years has been replaced with the enhanced UCCB as of the 2015 taxation year.

From a taxation point of view, it is more efficient on a 3 year plus holding basis, as is any other debt fund.

If an employee is entitled at the end of the year to receive an amount in a future year and one of the main purposes for this arrangement is to defer or postpone taxation, the amount will be taxed as a benefit to the employee in the current year.

but now with this taxation, it now seems to me that redemption may afterall be a bad idea as am sure the Gain would be atleast 10 % year on year and I do not think its a good idea to pay close to a Lakh on taxes on equity MFs each year!

Also Sree, How can I make this STP, suggested by you, totally tax free as there is taxation on both short and long term gains from MIP, balanced funds is purely tax free if held for more than 1 year and what about large cap?

This entitles that as long as you don't take out more than 4 % of your retirement accounts each year after retiring then studies have shown that your money should last approximately 30 years, with basic assumptions on rates of return, interest, and taxation.

When equity or balanced mutual funds were held by investors for less than 1 year, then it invited taxation of 15 percent as short term capital gains.

Can I take 15k out of the 50k unused rsp room as an rsp deduction to offset the 14k in taxes owed in the same taxation year?

An amount allowed under the Income Tax Act to be deducted from the value of certain assets and treated as an expense in computing an individual's or company's income for a taxation year.

The maximum annual contribution limit for the taxation year MINUS any company sponsored pension plan contributions (defined as PA, or short for pension adjustment on your T4 slip.

«In a case where two spouses are living separate and apart in their own residences, but not under a judicial separation or a written separation, only one of the residences can be designated as a principal residence for a particular taxation year,» explains Nerill Thomas - Wilksinson, from the Legislative Policy and Regulatory Affairs branch of the CRA.

If a trust owned the principal residence property before 2017, the new rules do not apply in determining whether the property may be designated as a principal residence of the trust for taxation years that begins before 2017.

From years of experience as a stock analyst and financial - newsletter publisher, I've come to understand how confusing issues of taxation can be to all investors, whether they're experienced or just starting out.

Financial Freedom presents Roth IRAFinancial Software, posted at Financial Freedom, saying, «The Roth tax optimization puzzle for asset conversions, as well as for annual Roth contributions during working years, is one of the most complex decisions that the ridiculously complex US taxation and retirement planning system forces upon individuals.»

As for the 2 years, the taxation remains the same for FDs or debt funds.

Four out of ten executives see increased taxation as one of the biggest issues facing the industry over the next five years.

Support for carbon taxation or emissions trading as standalone policies both fell relative to five years ago.

As the anti-marijuana crusade gained momentum through the mid-1930's, Anslinger, once Assistant U.S. Commissioner on Prohibition, spent two years secretly drafting the «Marijuana Tax Act,» a bill that sought to establish prohibition through taxation.

determine when a «taxation year» begins and ends, as the term doesn't seem to be explained in the act or its regulation;

So a couple of years ago, after I'd been practicing as a litigator for many years, I decided to shift my practice a little bit and go back to school, and went back and got my LLM, and got my LLM in taxation.

He has dealt with numerous acquisitions and mergers over a period of 30 years and has particular experience in advising individuals and companies as to taxation and tax planning.

In its later years before being acquired, it supplied its output for the work of mainstream medium - sized professional firms in areas such as business law, residential and commercial property, trusts and administration of estates, local government, construction law and, of course, taxation.

This year alone we have had exclusive contributions to global guides of great reputation in key practice areas such as competition, dispute resolution, restructuring and insolvency, arbitration, employment and now technology, whilst real estate and taxation are soon to follow.

In 2010, following an audit for the taxation years 2005 to 2007, the C.R.A. notified the Applicant the transactions as described in the accounting scenario generated $ 2.2 M in additional taxes for the three years in question.

It has recently grown further, branching out into securities and capital markets as well as property assessment and taxation law over the last two years.

The accounting treatment of professional partnerships, combined with the taxation of them, encourages a full income extraction approach — that is, all profits are usually taken out as income within as short a period as possible after the financial year to which they relate.

Since the introduction in 2004 of a 10 - year limitation period for interest and penalty relief under subsection 220 (3.1) of the Income Tax Act, the CRA has administered the provision as if the 10 - year period for applying for relief expires on December 31st of the 10th year following the taxation year assessed (i.e., December 31, 2010 for taxation year 2000).

As the leader of Gowling WLG's Aboriginal practice group, he has focused his 20 - year career on Aboriginal and treaty rights, First Nation taxation, self - government, Aboriginal consultation and...

The value of the account in later years can also be accessed free of any income taxation if accessed properly through loans using the account as collateral.

Generally speaking the policy must be owned by someone other than the insured for at least three years prior to death in order to avoid taxation as part of the estate.

Furthermore, these values can be accessed in later years and, when done properly through loans using the account as collateral, instead of direct withdrawals, they may be received free of any income taxation.

Earlier this year, the Japanese government fully eliminated double taxation on bitcoin and legalized bitcoin as a payment method.

South Africa's new cryptocurrency laws came as no surprise as the South African Revenue Service stated early in the year that they would provide guidance on the taxation of digital currencies such as bitcoin in 2018.