Finance
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Canada's personal tax rates need to come down. Here…
[ad_1] Many provinces in Canada have combined a federal–provincial personal income tax rate that exceeds 50 per cent at the highest rate. For example, Ontario, British Columbia Quebec and many of the Maritime provinces are in the 54 per cent range. Jamie Golombek , managing director, Tax & Estate Planning, at CIBC, recently pointed out…
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The Healing Power of Returning to Your Childhood Home
[ad_1] One of the main reasons I refused to spend a small fortune renting a vacation property in Honolulu was because I wanted to stay in my childhood home. The home was built in 1986, when I was nine years old, and I’ve been going back almost every year since. But staying there isn’t just…
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The DIY Financial Planning Tool
[ad_1] Are you wondering if ProjectionLab is the best tool to help you plan for retirement and your other financial goals? This ProjectionLab Review will break down what you need to know. When it comes to managing my money, I love using tools that help me feel in control. I’ve tried many apps over the…
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CRA keeps messing up despite an increased headcount and bigg…
[ad_1] The number of Canada Revenue Agency (CRA) audits on taxpayers has increased over the years. There’s nothing wrong with that since it has an important job to do to administer our country’s complex tax laws and ensure the integrity of our self-reporting system. However, a good portion of the audits result in reassessments asking…
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The Step-Up In Cost Basis And The Estate Tax Threshold
[ad_1] Imagine spending your life building wealth, investing in real estate, stocks, or your business, with the hope of leaving a legacy for your children. Then one day, you find yourself wondering: Will the government take a massive chunk of it anyway? If your estate is well above the federal estate tax exemption threshold — $30…
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How I Made $5 in One Hour
[ad_1] NiceSurveys pays you to take surveys at home. Learn what I think of this site in my NiceSurveys Review. Want to make some extra money at home? If you’re like me, you probably like finding simple ways to make extra money in your free time. I have personally tried many online paid survey sites…
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What you need to know about CPP, OAS and tax planning if you…
[ad_1] For many Canadians, retirement is a date circled on a calendar rather than a concept. It is a moment in time when rush hour commutes are replaced by long walks on the beach. The problem is not every senior wants to, or is able to, retire and some mid-career savers could take a different…
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Low US Household Leverage Bodes Well For The Economy
[ad_1] One of the things that gives me great comfort about the health of the U.S. economy is our historically low household leverage. According to the Federal Reserve Board, household leverage is now at an 80-year low—a remarkable sign of financial discipline. So let me be the first to congratulate you for not loading up on debt like…
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15 Easiest Items To Sell That You Already Own for Quick Cash
[ad_1] Do you want to know the easiest items to sell that you already own? Most of us have things we no longer use, like old phones, extra shoes, clothes we haven’t worn in years, and even gift cards stuffed in a drawer. Instead of letting those items get dusty, you could turn them into…
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Companies caught in digital services tax crossfire as CRA wo…
[ad_1] The Canadian government has been introducing tax policy by press release for far too long. Sometimes it’s inevitable in order to restore fairness to the system or to curb perceived abuses. Lately, however, these press releases have been the tool du jour. For example, during COVID-19, tax practitioners were often glued to their screens…