EFFECTIVE RATES Clause Samples
EFFECTIVE RATES. CLASSIFICATION POSITION April 1, 2005 April 1, 2006 April 1, 2007 SCHEDULE "B2" ENGINEERING & PUBLIC WORKS BELLEVILLE WATER – TRADES - CLASSIFICATIONS AND WAGES EFFECTIVE APRIL 1, 2005 POSITION STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6
EFFECTIVE RATES. The application of different tax incentives regulated in the Provincial Law on Tax (reductions in taxable base and tax credits) may Offsetting tax losses (Limit 50%/70% of the taxable amount) 100% of the tax loss generated Investments in the capital of start-ups (Limit of 45% of the taxable amount) 60% of the investment Capitalisation. Notional interest (no limit) 10% of the increase in reserves Reserves for future losses (Limit up to 15%/10% of the profit) 100% of the provision Exemption for reinvestment in fixed assets No integration 100% of income generated In application of the above, for companies that maintain or create permanent employment, deductions with a limit of 35% on the tax liability and companies that carry out R&D&I activities, the effective taxation on the taxable base could reach 4.68% for medium-sized and large companies, 3.90% for small companies and 3.51% for micro-companies. Result from the profit and loss account after adjustments 1,000.00 Proof of taxable income 1,000.00 Offsetting prior year negative tax bases (tax loss carryforwards) - Taxable income / net tax base 1,000.00 Tax rate 24.00% Deductions with a limit of 35% 84.00 Effective rate 4.6800% Result from the profit and loss account after adjustments 1,000.00 Proof of taxable income 1,000.00 Offsetting prior year negative tax bases (tax loss carryforwards) - Taxable income / net tax base 1,000.00 Tax rate 20.00% Gross tax payable 200.00 Gross tax payable 200.00 Deductions with a limit of 35% 70.00 Deductions with a limit of 70% 91.00 Effective tax payable 39.00 Effective rate 3.9000% Result from the profit and loss account after adjustments 1,000.00 Micro-company reduction -100.00 Proof of taxable income 900.00 Offsetting prior year negative tax bases (tax loss carryforwards) - Taxable income / net tax base 900.00 Tax rate 20.00% Gross tax payable 180.00 Gross tax payable 180.00 Deductions with a limit of 35% 63.00 Effective rate 3.5100%
EFFECTIVE RATES. CASUAL A) Snow Shovellers
EFFECTIVE RATES. Notwithstanding anything in the Loan Agreement as hereby amended, from the date hereof to the first Calculation Date after the date hereof, the Margin shall be 1.50% (with respect to all Loans outstanding on the date hereof and all Loans made thereafter before such Calculation Date) and the Commitment Fee Percentage shall be 0.375%.
EFFECTIVE RATES. POSITION April 1, 2005 April 1, 2006 April 1, 2007