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Instead of a Form 1099, MLP investors receive a Schedule K-1 tax form. As a consequence of their pass-through status, holding MLPs in tax-exempt accounts may generate Unrelated Business Income Tax (UBIT). [2] To encourage tax-exempt investors, some MLPs set up C corporation holding companies of limited partner which can issue common equity. [3]
Prior to the creation of MPAC, municipalities in Ontario had discretion on how they chose to assess properties. This created inequity across the province, as similar properties across the province had separate values. In 2022, MPAC sent out approximately 6 million property assessment notices, advising properties of their assessment value.
A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).
Here’s how a master limited partnership works, examples of MLPs and their pros and cons.
Investors who are new to the world of master limited partnerships learn quickly that they shouldn't be evaluated the same as regular C-corporations, especially when it comes to debt levels and ...
Investors have long been attracted to MLPs for their generous yields, but the tax advantages of MLPs are not well understood. MLPs serve as a highly tax-efficient way to own midstream energy ...
The Municipal Act of the Canadian province of Ontario [1] is the main statute governing the creation, administration and government of municipalities in Ontario, other than the City of Toronto. After being passed in 2001, it came into force on 1 January 2003, replacing the previous Municipal Act, 1990. [2] It has since been amended.
McMurrich/Monteith is a municipality and census subdivision in the Almaguin Highlands region of Parry Sound District, Ontario, Canada.. The municipality was formed in 1998 through an amalgamation of the former Township of McMurrich and the eastern two-thirds of the unincorporated Township of Monteith.