Sentences with phrase «taxed in the hands of»

This creates a tax deduction for the company, although the interest income is taxed in the hands of the debt holders.

While land is pooled, the landowner is taxed as if the land is in direct ownership so for income tax purposes, rents are taxed in the hands of the landowner.

Income earned on that money would be taxed in the hands of the child.

Withdrawals from the RRSP are taxed in the hands of the lower - income spouse which reduces the overall tax bill.

When the money is withdrawn from the spousal RRSP years later, it is taxed in the hands of your spouse.

As before, that means the investment income is taxed in the hands of the lower - earning spouse, at a much lower rate.

That way, the income from the trust portfolio is taxed in the hands of your spouse and kids, at a much lower tax rate.

That way, the income from his portfolio is taxed in the hands of his wife and kids, at a much lower tax rate.

As long as you leave the money in there for three years, when it's withdrawn, it will be taxed in the hands of the lower - earning spouse at a lower rate.

These will be taxed in the hands of the student and won't incur any penalties.

Withdrawals while the child attends post secondary schooling are taxed in the hands of the child, which is advantageous because their income is likely low while attending school and therefore their marginal rate is low

These are taxed in the hands of the student.

Leon is right in that capital gains are taxed in the hands of the minor but dividends and income are attributed back to the parent who lent the money.

In that case, a subsequent sale in the future is taxed in the hands of the transferee.

Not only does it allow some of the RRIF income to be taxed in the hands of the lower - earning spouse, it can also reduce clawbacks on your Old Age Security (OAS) benefits.

Since the pension income - splitting rules limit the ability to income split to 50 % of the amount received, a spousal RRSP may still allow for greater income splitting since 100 % of the payments from the spousal RRSP can be taxed in the hands of the spouse with the lower income.

This is accumulated income and will be taxed in the hands of the student when they take it out.

Those dividends were then taxed in the hands of recipient shareholders at marginal rates as high as 60 %.

For tax characteristics it's right up there with the TFSA & RRSP since not only is it tax deferred it is also taxed in the hands of your child who will probably be in a much lower tax bracket.

If the child is not eligible to receive payments from an RESP which would be the case if they quit school then the non-contribution payments are taxed in the hands of the subscriber (account owner) along with a 20 % penalty.

With a spousal RRSP, one could theoretically «split» up to 100 per cent of RRSP or RRIF income with a lower - income spouse as all the withdrawals would generally be taxed in the hands of the withdrawing spouse.

On the other hand, if you had a spousal RRSP, the owner spouse can generally withdraw the funds prior to age 65 and have such withdrawals taxed in the hands of that lower - income spouse.

My understanding as well is that public dividends received within a corporation can be «flowed through» to shareholders and taxed in the hands of the shareholder instead of the corporation.

The account can grow tax free and withdrawals are taxed in the hands of the student when they start higher education.

That means the difference between the Revenue Canada rate and the returns on the invested funds is taxed in the hands of the lower - income spouse.

Secondary income, or income earned on income from investments in the trust, will be taxed in the hands of the child.

For couples in different tax brackets, pension income splitting allows some of their RRIF income to be taxed in the hands of the lower - earning spouse.

Premiums paid by the insured members are eligible for tax rebates (section 80C of the Income Tax Act, 1961) and benefits are exempted from income - tax in the hands of beneficiaries (section 10 (10D) of Income Tax Act, 1961).

In essence from the 1st of March 2017 any loans that have been made by an individual or a connected person to that individual to a trust that does not attract interest or attracts interest at a lower rate than the official rate will trigger income tax in the hands of the lender.

Not exact matches

Leder didn't reveal the multiple fetched by her company, writing only: «While I negotiated mightily for the keys to the Gulfstream, the corporate apartment in Paris, the company yacht, the lifetime consulting contract and, of course, a tax gross up — all crazy perks we've written about in various M&A deals — I came up empty handed.»

While Congress is in the hands of a Republican majority, getting Democrats to go along with cutting taxes for the wealthiest Americans — as is Trump's plan — will be a tough sell; while the Republicans control the Senate, the Democratic minority could filibuster bills they don't like.

However, in 2013, the US Department of Justice successfully convinced 100 Swiss banks to cooperate with it by handing over information about US customers suspected of evading taxes.

That was true even though a combination of taxes on dividends and on capital gains would reduce the 10 percent earned by the corporation to perhaps 6 percent to 8 percent in the hands of the individual investor.

Into that mix, the tax cut legislation would put tens of billions of dollars back in the hands of corporations and households.

The key to bear in mind is that the R&D tax credit is about rewarding applied science, taking the tools of science and engineering and addressing the task at hand.

But over the last 40 years, every British minister has done what our bosses (usually their former classmates at Oxford and Cambridge) tell them to do: keep income tax rates low, make evasion easy with a ton of loopholes, turn a blind eye to our bonuses and our market - rigging, hand over tens of billions of pounds in bailout money when necessary, and pass the check to those mythical non-Londoners in their seaside retirement homes and Amazon logistics centers.

Have in hand before you go to market both current and three years» of profit and loss statements, balance sheets, and full tax returns.

Putting money in one of these accounts means you'll save on taxes and have cash on hand for medical bills.

On the other hand, if you do max out your IRA, it could boost your retirement savings and offer you tax advantages in the form of a deduction now or tax - free withdrawals later.

The demand «that rent should be handed over to the state to serve in place of taxes,» Marx explained, «is a frank expression of the hatred the industrial capitalist bears towards the landed proprietor, who seems to him a useless thing, an excrescence upon the general body of bourgeois production.»

'» Congressional Republicans want a totally different policy in which the government hands out a handful of tax breaks.

On the other hand, retirees who rely on some combination of Social Security, retirement account income and public pension income may have a larger tax bill, especially if they have income in excess of $ 30,000 per year.

With today's cloud - based accounting packages you can have all of your accounting information online in one place so you don't have to hunt down invoices, receipts and calculate income and expense totals by hand for your tax return.

On the other hand, Nebraska's average effective property tax rate of 1.88 % is the highest in the region and sixth - highest in the country.

For many owner - occupiers, on the other hand, a moderate decline in prices should not create major discomfort, in an environment of ongoing growth in employment and wages, as well as reduced taxes.

Legally reducing your tax bill means putting less money in the hands of people who have an uninterrupted track record of destruction and failure.

In 2013, the Walton family received $ 8 billion in tax breaks, $ 6.2 billion of which came from federal taxpayer subsidies handed to them because employee wages are so loIn 2013, the Walton family received $ 8 billion in tax breaks, $ 6.2 billion of which came from federal taxpayer subsidies handed to them because employee wages are so loin tax breaks, $ 6.2 billion of which came from federal taxpayer subsidies handed to them because employee wages are so low.

«Many people who made lots of money on cryptocurrencies in 2017 likely don't have the cash on hand to cover their capital gains taxes, so they may need to sell additional cryptocurrency holdings in order to raise the cash to pay the IRS.

Eric Anderson, co-founder of Space Adventures and Planetary Resources remarked that «investors would have to be crazy to hand over their bank statements and tax returns to a startup that might not be around in a year.

All in all, I would say that bearishness is leaving the sector thanks to the end of U.S. tax season which forced a lot of liquidations and allowed for professionals to, rightly, keep pressure on the market and force out the weakest hands.