Thursday, March 19, 2020

Stalwart

Stalwart Stalwart Stalwart By Maeve Maddox A reader asks for clarification regarding the word stalwart: I am confused about the meaning of â€Å"stalwart† in the following context: â€Å"One of the most influential companies in high technology right now may be a 135-year-old industrial stalwart.† According to OED, as a noun, stalwart means â€Å"loyalist, hard-working supporter.† Nonetheless, I fail to grasp the meaning of stalwart qualified by industrial as adjective. As a noun, stalwart has more than one meaning; â€Å"loyal supporter† is only one of them. Stalwart began as an adjective. The Old English adjective stalworth was applied to things like ships to mean â€Å"serviceable.† When applied to people and animals, it meant, â€Å"strongly and stoutly built.† The meaning extended to include brave, courageous, and valiant. In Scots dialect, the word became stalwart and was reintroduced into English thanks to the popularity of the novels of Sir Walter Scott. In modern usage, stalwart functions as both adjective and noun. Adjective As an adjective, stalwart means, resolute, unbending, and determined, as well as brave, courageous, and valiant. For example: The epic valor of the Greeks in driving back the Italian invaders together with Britain’s stalwart resistance to Hitler’s crushing blows, has given new meaning to human courage in war. Her stalwart defense of the environment in Maryland is embodied in her support for building a green jobs workforce, protecting the Chesapeake Bay, and for a clean energy economy. Noun â€Å"A stalwart† can be a person who has achieved wide recognition in some business or pursuit: Hollywood stalwart Ernest Borgnine dies at age 95 Josh H. Groce, a  noted stalwart  of the Texas trial bar Or it can refer to a company or institution that has been in operation for a long time. This is the sense in which stalwart is used in the sentence submitted by the reader. Here are some more examples of this use of stalwart to refer to a company: Sales for the New York-based pharmaceutical stalwart  were $13.56 billion against last years $13.89 billion. The remaining companies experiencing growth last year [included] electronics retailer HHGregg Inc. and pharmaceutical stalwart Eli Lilly and Co. And while many of its architects are well-known Silicon Valley companies, longtime Milwaukee industrial stalwart Rockwell Automation Inc. has positioned itself at the heart of the phenomenon, which some consider the next industrial revolution. Finally, in the context of politics, the noun stalwart means, â€Å"a sturdy uncompromising partisan†: AIPAC lauds re-election of pro-Israel stalwarts First deficit panel picks are Democratic stalwarts Utah is overall a conservative state much in line with the public policy principles of Republican stalwarts like Gov. Mitt Romney, Gov. Michael Leavitt and Gov. Jon Huntsman.   Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Masters Degree or Master's Degree?44 Resume Writing TipsPersonification vs. Anthropomorphism

Tuesday, March 3, 2020

Canadian T3 Tax Slips for Trust and Mutual Funds Income

Canadian T3 Tax Slips for Trust and Mutual Funds Income A Canadian T3 tax slip, or Statement of Trust Income Allocations and Designations, is prepared and issued by financial administrators and trustees to tell you and the Canada Revenue Agency (CRA) how much income you received from investment in mutual funds in non-registered accounts, from business income trusts or income from an estate for a given tax year. Quebec residents receive the equivalent Relevà © 16 or R16 tax slip. Deadline for T3 Tax Slips Unlike most other tax slips, T3 tax slips do not have to be mailed until the last day of March the year after the calendar year to which the T3 tax slips apply. Sample T3 Tax Slip Canadian Tax Form T3 2018.   Canadian Revenue Agency The Canadian government creates a new T3 each year, so be sure your advisor downloads the most recent form. That site includes a standard pdf version of the form that the financial administrator of your trustee can print and fill out; and an electronic version that allows him or her to fill it out online. The sample T3 tax slip  from the CRA above is from the 2018 tax year and shows you what to expect. The information required for this form includes your recipient identification number (social insurance number or business number), the cash amount of income from dividends you will need to report, capital gains, capital gains which are eligible for a deduction, and any other income. Most of that will come from your relevant financial administrator per trust or mutual fund. See the second page of the downloaded PDF form for more information on what is included in each box. Filing T3 Tax Slips With Your Income Tax Return When you file a paper income tax return, include copies of each of the T3 tax slips you receive. If you file your income tax return using NETFILE or EFILE, keep copies of your T3 tax slips with your records for six years in case the CRA asks to see them. If you decide to file your T3 slips online, you can use either Internet file transfer (XML) or web forms. Details on that process are available on the Canadian Revenue Agency website, Filing Information Returns Electronically. Missing T3 Tax Slips If you have trust or mutual funds income and havent received a T3 tax slip as you reach the CRA filing date, get in touch with the relevant financial administrator or trustee. If necessary, file your income tax return by the deadline anyway to avoid penalties for filing your income taxes late. Calculate the income and any related deductions and credits as closely as you can using any information you have. Include a note with the name and address of the financial administrator or trustee, the type and amount of trust or mutual funds income and related deductions, and what you have done to get a copy of the missing T3 tax slip. Include copies of any statements you used in calculating the income and deductions for the missing T3 tax slip. Other Tax Information Slips Other tax information slips include: T4 - Statement of Remuneration PaidT4A - Statement of Pension, Retirement, Annuity, and Other IncomeT4A(OAS) - Statement of Old Age SecurityT4A(P) - Statement of Canada Pension Plan BenefitsT4E - Statement of Employment Insurance and Other BenefitsT4RSP - Statement of RRSP IncomeT5 - Statement of Investment Income