Monday, May 31, 2021

Alert: Extended Relief for Registered Pension Plans and Deferred Salary Leave Plans | Blake,

The one-year extension announced by the Department of Finance Canada was introduced by way of proposed amendments to the  Income Tax Regulations  (2021 Draft Regulations), also released on May 20, 2021. For further information on the earlier 2020 Draft Regulations, please see our July 2020 Blakes Bulletin: Draft Pension and Deferred Salary Leave Tax Regulations Released .

The proposed extended temporary amendments to the registration rules and other conditions in the Income Tax Regulations set out in the 2021 Draft Regulations include:

Publisher: JD Supra
Twitter: @jdsupra
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Stimulus check update: IRS has sent 167 million payments totaling $391 billion as Democrats keep

In this April 28, 2021, file photo President Joe Biden addresses a joint session of Congress in the House Chamber at the U.S. Capitol in Washington, as Vice President Kamala Harris, left, and House Speaker Nancy Pelosi of California, look on. (Melina Mara/The Washington Post via AP, Pool) AP

More than 167 million Americans have received COVID-19 stimulus checks for a combined total of $391 billion, the Internal Revenue Service announced this week.

Publisher: masslive
Date: 2021-05-27T11:58:07.651Z
Author: bkail
Twitter: @masslivenews
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Tax pros try to build post-season client pipelines | Accounting Today

With the extended tax season behind us and the potential end of the COVID-19 pandemic ahead, tax professionals are looking at a potential lull in business. What are they doing right now to fill their pipelines? Do they even have to?

"What 'post-season' pipeline? Is there a post-season?" asked Lawrence Pon, a CPA in Redwood City, California.

As firms rebuild from unprecedented months of financially pinched clients, remote work and filing deadlines constantly on the move, documenting their pipeline of prospective clients might help.

Publisher: Accounting Today
Date: 2021-05-28T18:38:13.185
Author: https www accountingtoday com author jeff stimpson 1641
Twitter: @AccountingToday
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Property tax reform hearings | Queenswide | qchron.com

The New York City Advisory Commission on Property Tax Reform will host virtual hearings on its 10 preliminary recommendations, scheduled for Queens on June 9, the Bronx on June 14 and Manhattan on June 16. All hearings will begin at 6 p.m.

City leaders for years have claimed interest in changing property tax regulations that result in having many residents in low- and middle-income neighborhoods paying higher rates than those in more well-to-do neighborhoods.

Publisher: Queens Chronicle
Twitter: @QueensChronicle
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V@ update - May 2021 - Lexology
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John Hancock Premium Dividend Fund - Notice to Shareholders - Sources of Distribution Under

BOSTON , May 28, 2021 /PRNewswire/ - John Hancock Premium Dividend Fund (NYSE: PDT ) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by Manulife Investment Management (US) LLC, announced today sources of its monthly distribution of $0.0975 per share paid to all shareholders of record as of May 13, 2021 , pursuant to the Fund's managed distribution plan.

This notice provides shareholders of the John Hancock Premium Dividend Fund (NYSE: PDT ) with important information concerning the distribution declared on May 3, 2021 , and payable on May 28, 2021 . No action is required on your part.

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: John Hancock Investment Management
Twitter: @PRNewswire
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Gambling Taxation Might Be the Answer to Public Financial Hardships in a COVID Hit Nation

Gambling laws in India vary by the state, while the national framework on the matter is laid out in the archaic Public Gaming Act of 1867. Union gambling taxation is regulated by the Income Tax Act of 1961 and its amendments introduced by the Finance Act of 1986.

The Income Tax Act expressly requires that income from both legal and illegal activities is taxed. Losses are not deductible and citizens are obligated to report all their winnings in their annual tax return. This means any income from lotteries, horse races, card games and any other forms of gambling are subjected to legal tax. Fortunately, there is a non-taxable limit of ₹ 10,000 valid for all personal earnings.

Date: 2021-05-31T13:37:00 05:30
Author: The ambiguous legal status of Indian gambling results in a loss of tax revenue Running on a large fiscal deficit Bharat authorities strive to solve the negative impacts of COVID 19 on the economy
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Federal financial institutions legislative and regulatory reporter - April 2021 - Lexology
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CNFinance Announces First Quarter 2021 Unaudited Financial Results

Interest on deposits with banks decreased by 31.1% to RMB3.1 million ( US$0.5 million ) for the first quarter of 2021 from RMB4.5 million in the same period of 2020, primarily due to smaller average daily balance of time deposits.

Interest and fees expenses decreased by 22.2% to RMB156.3 million ( US$23.8 million ) for the first quarter of 2021, compared to RMB200.9 million in the same period of 2020, primarily due to the lower average interest rate of the borrowings under agreements to repurchase and other borrowings in the first quarter of 2021.

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: CNFinance Holdings Limited
Twitter: @PRNewswire
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Tekla World Healthcare Fund Paid Distribution | Business Wire

The following table sets forth the estimated amounts of the current distribution, paid on May 28, 2021, and the cumulative distributions paid this fiscal year-to-date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source.

The table below includes information relating to the Fund's performance based on its NAV for certain periods.

Date: 2021-05-28
Twitter: @businesswire
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