Since interest payments are tax deductible, but dividends are not, some borrowing makes a balance-sheet more efficient.
2 Excluding any interest comprised therein , recoveries against any claim which is subject to the above deductible shall be credited to the Underwriters in full to the extent of the sum by which the aggregate of the claim unreduced by any recoveries exceeds the above deductible.
It's tax deductible, whereas dividends are not.
But, in practice, interest payments are generally tax-deductible; dividends are not.
Now, with the increasing popularity of high-deductible plans, it behooves the cost-conscious consumer to also shop around and check prices at doctors and hospitals before seeking medical care.
By increasing the amount of your deductible, your insurance premium goes down.
In addition, incorporation provides certain tax benefits, such as long-term-care insurance, which if bought by your corporation would be 100% deductible.
Property is always the best investment, part 3: mortgage is tax deductible, which is great.
Raise your deductible.
Chances are you’ll be responsible for producing a good chunk of cash, but people will be more willing to help if they know their tax-deductible contribution is going toward a good cause.
These costs are deductible from profits.
This will allow greater eligibility to apply for grants and tax deductible contributions to further offset the expenses of maintaining the farm.
Interest paid on home loans is tax-deductible in America, encouraging people to borrow more; not so in Canada.
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