Primary Income definition

Primary Income means for any period so much of the net additional income generated by the 1986 Special Session Acts or any other revenues appropriated in substitution for or in addition to such net additional revenues by the General Assembly credited to the Transportation Trust Fund as is or may be allocated to the Income Account of the Port Fund during such period.

Primary Income for a Taxation Year of the Trust" means such part of the Income for a Taxation Year of the Trust which arises from property received by the Trust from Peguis, including the sum of one hundred ($100.00) dollars received by the Initial Trustees to initially settle the Trust and the balance of the Total Amount deposited by Canada, at the direction of Peguis, in the Trust pursuant to the Settlement Agreement, or from any property substituted for that property, which is attributed to the Beneficiary pursuant to the application of Subsection 75(2) of the Income Tax Act, or any other provision of the Income Tax Act, such that the Income so attributed is deemed to be income of the Beneficiary and not income of the Trust for purposes of the Income Tax Act;

Primary Income means more than 50% of income comes from farming. Income is farmer's adjusted gross income after add‐backs, such as depreciation, deferred compensation, nontaxable portions of pension, social security or unemployment compensation, etc., except disqualified losses

Examples of Primary Income in a sentence

• Guilin- manufactured IV artesunate is also sourced by the WHO for its recommended use of IV artesunate as the first-line treatment for severe malaria, and was used in large clinical trials that demonstrated increased safety and efficacy compared to IV quinine (Dondorp 2005 and Dondorp 2010).

• The resources side of the account which records current transfers in cash receivable by the sector includes the balance of primary income (brought forward from the Allocation of Primary Income Account) and current transfers in cash described as follows: current taxes on income, wealth, etc.; social contributions and benefits; and other current transfers.

• Unlike the Generation of Income Account, which can be compiled both for establishments and institutional units, the Allocation of Primary Income Account has no direct link with production and is only compiled for institutional units.

• Primary Income BenefitsDisability income benefits for which a Member is eligible under the Canada Pension Plan or Quebec Plan, whether or not the Member has dependent children.

• The Accounts for the ‘Rest of the world’ are also compiled – the Goods and Services Account, Primary Income and Current Transfer Account and Capital Account.

• Account II.2: Secondary Distribution of Income AccountThe basic relationship in the secondary distribution of income account is: Disposable income = Balance of primary incomes+ Current transfers received– Current transfers paid In the Secondary Distribution of Income Account, the resources side of the account records current transfers and the balance of primary income (brought forward fromthe Allocation of Primary Income Account).

• This shows the overdependence of households on agriculture in these districts.Table 6: Primary Income Source of the Selected Households District Numbers in parenthesis are percentage Other than primary occupation, about 81 percent of the households are engaged with secondary occupation.

• Primary Income Sources of Project-Affected Entrepreneurs Under the TMC Resettlement Site, the majority of PAPs (54%) are wage-based earners.

• Account II.I.2: Allocation of Primary Income AccountThe basic relationship in the allocation of primary income account is: Balance of primary incomes = Operating surplus+ Property income received- Property income paid The balance of primary incomes (item 9 of S-1) also includes receipts of compensation of employees in the case of households and receipts of taxes less subsidies on production and imports in the case of government.

• Figure 5: Brazil – Current account (US$ million)2000200520102015202080,000.060,000.040,000.020,000.0US$ million0.0-20,000.0-40,000.0-60,000.0-80,000.0-100,000.0-120,000.0 Goods Services Primary Income Secondary Income Current Account Source: BCB.