9 (Income Tax Rates)[1]

Of property arising from a deceased estate companies

Info icon This preview shows pages 2–4. Sign up to view the full content.

View Full Document Right Arrow Icon
of property arising from a deceased  estate Companies Companies Most companies pay tax at a flat rate of  30% (“general corporate tax rate”)
Image of page 2

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Special rates apply to: Pooled development funds Life insurance companies RSA providers ADIs that are FHSA providers Trustee tax rates Trustee tax rates Trustees may be required to pay  income tax Trustees pay tax at rates that differ  depending on the relevant provision  under which they are assessed Trustees of corporate unit trusts and  public trading trusts pay tax on the net  income of the trust at the corporate tax  rate Superannuation funds Superannuation funds
Image of page 3
Trustees of complying superannuation  funds pay tax at the rate of: 15% on the “low rate component” of  the fund’s taxable income  45% on the “non-arm’s length  component” of the fund’s taxable  income  31.5% on the fund’s “no-TFN  contributions income” Trustees of non-complying  superannuation funds pay tax at the  rate of 45% on the fund’s taxable  income
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern