income beneficiary
11Beneficiary (trust) — Cestui que use redirects here. See also, Cestui que. In trust law, a beneficiary or cestui que use, a.k.a. cestui que trust, is the person or persons who are entitled to the benefit of any trust arrangement. A beneficiary will normally be a… …
12beneficiary — /ben euh fish ee er ee, fish euh ree/, n., pl. beneficiaries. 1. a person or group that receives benefits, profits, or advantages. 2. a person designated as the recipient of funds or other property under a will, trust, insurance policy, etc. 3.… …
13Income tax in Australia — Broadly, Australia levies tax on three sources of income for individual taxpayers: personal earnings (for example, salary and wages), business income, and capital gains. Income received by individuals is taxed at progressive rates. Income derived …
14Beneficiary Of Trust — A beneficiary of trust is a person for whom a trust was created, and who receives the benefits of that trust. In many instances a trust is established to prevent the exhaustion of an estate. A trust for the benefit of a child, for example, may… …
15Income In Respect Of A Decedent - IRD — Money that was due to a decedent and will pass through to the recipient or estate as income during that tax year. The recipient (beneficiary) must declare the money as income in respect of a decedent (IRD) for any year in which income is received …
16beneficiary — noun (plural ries) Date: 1662 1. one that benefits from something 2. a. the person designated to receive the income of a trust estate b. the person named (as in an insurance policy) to receive proceeds or benefits • beneficiary adjective …
17Adjustment Income — Income paid to the dependent(s) of a primary wage earner in the event of his or her death. These funds, usually provided through life insurance policies, are intended to provide financial support as the beneficiary adjusts to becoming self… …
18Accumulated Income Payments - AIP — Money withdrawn from a Canadian Registered Education Savings Plan (RESP) if the RESP s beneficiary declines to attend college. RESPs allow contributions to grow tax free until the money is withdrawn, at which time taxes on withdrawals tend to be… …
19accumulated income — England, Wales trust income that the trustees have decided to add to the capital of the trust, rather than to pay out to (or for the benefit of) any of the beneficiaries (beneficiary) of the trust. Some trusts (called discretionary trusts) do not …
20Distributable Net Income - DNI — In the case of an income trust, an amount that is transferable to unitholders. In the case of an estate trust, the amount to be distributed to a beneficiary. Distributable net income is the maximum amount received by a unitholder or a beneficiary …
