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The tax treatment of a TFSA is the opposite of a registered retirement savings plan (RRSP). Unregistered accounts are subject to tax and hold after-tax money, the TFSA is described as a tax-free account holding after-tax money, and the RRSP is described as a tax-deferred account holding pre-tax money that will be taxed on withdrawal.
A flow-through share' (FTS) is a Canadian tax-based financing incentive that is available to, among others, the mining sector. A FTS is a type of share issued by a corporation to a taxpayer, pursuant to an agreement with the corporation under which the issuing corporation agrees to incur eligible exploration expenses in an amount up to the consideration paid by the taxpayer for the shares.
Retirement compensation arrangements (RCAs) are defined under subsection 248(1) of the Canadian Income Tax Act, which allows 100 per cent tax-deductible corporate dollars to be deposited into an RCA, on behalf of the private business owner and/or key employee. No tax is paid by the owner/employee until benefits are received at retirement.
Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter ...
On the next market day my Special Situations portfolio will buy shares of AIG (NYS: AIG) . After years of government ownership, this troubled insurer is back on its feet and has cleaned up its ...
In this special "Best Ideas for 2014" edition of The Motley Fool's everthing-financials show, Where the Money Is, banking analyst Matt Koppenheffer tells viewers why he thinks AIG is well ...
An IPP is a one-person maximum defined benefit pension plan which allows the plan member to accrue retirement income on a tax-deferred basis. As such, an IPP must conform to the Canadian Income Tax Act (ITA) and regulations (ITR) as well as the requirements of the Canada Revenue Agency (CRA) with respect to defined benefit pension plans.
It's official! Not only was the U.S. Treasury sale of American International Group Inc. (NYSE: AIG) shares an overwhelming success, the AIG share overallotment was exercised as well. Now the ...