The basic benefit plan is a pension where you receive a set amount in retirement, regardless of the amount you have contributed during your working years. The amount depends on your length of service and your "high-3" average. "High-3" refers to your highest three c...
Affordable Economy, Healthy Future”(the “Budget”). Last week, our Tax Group released itscomprehensive Budget commentary. Notably for employers, that commentary addresses new proposals to facilitate the use of an “employee ownership trust” as a mechanism for business...
https://www.irs.gov/retirement-plans/plan-participant-employee/2022-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work About the Author Jeff Rose, CFP® is a Certified Financial Planner™, founder of Good ...
CanadaFederal Budget 2013Federal employee compensationtax baseCrown CorporationsCanadians can be proud of their country's relatively strong recovery from the 2009 slump, but should not be complacent. Canada's fiscal situation is strong only by comparison with the dire situations in other major advanced...
The Pensioners Dental Services Plan (PDSP) has not been updated in over twenty years and is now vastly out of step with current employee plans and the rising costs of dental care. The association has asked the minister to provide retirees with the same plan on...
From a small business perspective, Waters is also looking to see if the budget will advance a proposal that would introduce a $10M capital gains exemption on the sale of small businesses to an employee ownership trust. Given that the proposal was first mentioned in November’s Fall Economic St...
Introducing the Federal Benefits Service mobile app, your comprehensive solution for federal employee benefits education and Thrift Savings Plan (TSP) fund recommendations. Our licensed team of professionals is dedicated to helping you maximize gains and minimize losses. ...
Single-member LLCs(an LLC with one owner) and sole proprietorships are not required to obtain an EIN unless they meet one of the criteria listed in the previous section. (For example, a business with at least one employee is required to have an EIN). ...
the transaction is a “qualifying business transfer” (as defined in Bill C-59) in which the trust acquiring the shares is not already an EOT or a similar trust with employee beneficiaries; throughout the 24 months immediately preceding the qualifying business transfer, (a) the transferred share...
A few minutes later, as I was attempting to leave the building, I overheard the female officer who had arrested Tucker promise a woman, who I presumed to be an employee of the Taxi Commission, that she would confiscate my phone. Reason intern Kyle Blaine, overheard her say, "Do you ...