Taxes

Carney’s ‘spend less, invest more’ marketing catchphrase means more taxes are coming

Let’s pretend you want to buy a car for $50,000, but you only have savings of $20,000, so you will need to finance the other $30,000. Now, let’s assume the savings were accumulated from your previous after-tax earnings since your cumulative household expenses were less than your cumulative earnings, and that the interest-bearing financing can […]

Carney’s ‘spend less, invest more’ marketing catchphrase means more taxes are coming Read More »

Most Canadians unaware that unused tax credits from prior years are still available: poll

Tax-filing season is in full swing, but many Canadians may be missing out on unused tax credits from the past decade because they’re too lazy to claim them. Sixty-five per cent of Canadians are unaware that they can amend old tax returns to claim any benefits they have missed in the previous 10 years, according

Most Canadians unaware that unused tax credits from prior years are still available: poll Read More »

Many Canadians are delaying filing their taxes over confusion with recent changes

Canada’s April 30 tax-filing deadline is fast approaching, but many are planning to delay filing due to confusion over recent tax changes, according to a recent survey by H&R Block Inc. The survey said 29 per cent of Canadians are feeling confused about what they are supposed to claim and 28 per cent are planning

Many Canadians are delaying filing their taxes over confusion with recent changes Read More »

History shows Liberals’ new housing plan failed the last time it was implemented

I love studying history. In my undergraduate studies, I made sure to load up on post-Confederation Canadian history courses and it’s truly fascinating to learn how this country was built. Similarly, I am always interested if proposed taxation policies were ever considered historically. More often than not, the answer is yes. There have also always

History shows Liberals’ new housing plan failed the last time it was implemented Read More »

Jamie Golombek’s primer on tax brackets, deductions and credits

Do you know why deductions are more valuable than tax credits? Here’s a rundown of basic tax issues to understand https://financialpost.com/personal-finance/taxes/jamie-golombeks-primer-on-tax-brackets-deductions-and-credits #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Jamie Golombek’s primer on tax brackets, deductions and credits Read More »

Capital gains tax break for investing in Canada is a big idea that makes sense

Kim Moody: Canada needs bold ideas right now, not increased spending that is fiscal laziness dressed up as leadership https://financialpost.com/personal-finance/capital-gains-tax-break-for-investing-in-canada-is-a-big-idea-that-makes-sense #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Capital gains tax break for investing in Canada is a big idea that makes sense Read More »

CRA demands arrears interest on donation tax shelter bought by ex-husband

Jamie Golombek: Recent court case an important reminder to make sure you’re comfortable with anything you claim on your return https://financialpost.com/personal-finance/taxes/cra-arrears-interest-donation-tax-shelter #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

CRA demands arrears interest on donation tax shelter bought by ex-husband Read More »

Here’s what the Conservative savings plan for seniors means for older Canadians

Conservatives say they would allow working seniors to earn as much as $34,000 a year without paying income tax https://financialpost.com/personal-finance/retirement/conservative-savings-plan-seniors-older-canadians #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Here’s what the Conservative savings plan for seniors means for older Canadians Read More »

10 tax-related policies to watch for during the election that would help Canada win

Kim Moody: If you liked Trudeau’s tax-and-spend, debt-fuelled approach, you’ll love Carney’s because it’s more of the same https://financialpost.com/personal-finance/10-tax-related-policies-to-watch-for-during-the-election-that-would-help-canada-win #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

CRA can collect tax debt from spouses under certain circumstances

Jamie Golombek: A recent tax case deemed a wife liable for the tax debt of her husband under the joint liability rule https://financialpost.com/personal-finance/taxes/cra-can-collect-tax-debt-spouses #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

CRA can collect tax debt from spouses under certain circumstances Read More »

Five ways to make sure we don’t have another debacle during tax filing season

Kim Moody: The CRA can’t handle all the confusion and delays about the capital gains changes https://financialpost.com/personal-finance/five-ways-to-make-sure-we-dont-have-another-debacle-during-tax-filing-season #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Five ways to make sure we don’t have another debacle during tax filing season Read More »

CRA’s ‘stupid mistake’ compels taxpayer to pay taxes on an extra ,258

CRA’s ‘stupid mistake’ compels taxpayer to pay taxes on an extra $53,258

Jamie Golombek: Tax Court case illustrates the importance of tracking every tax slip https://financialpost.com/personal-finance/taxes/cra-stupid-mistake-compels-taxpayer-pay-taxes-extra-income #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

CRA’s ‘stupid mistake’ compels taxpayer to pay taxes on an extra $53,258 Read More »

FP Answers: How is a coin collection taxed when the coins are sold?

Gordon inherited his dad’s coin collection and sold several $100 ones but doesn’t know how to calculate the capital gains https://financialpost.com/fp-answers/fp-answers-how-is-a-coin-collection-taxed-when-the-coins-are-sold #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

FP Answers: How is a coin collection taxed when the coins are sold? Read More »

Carney’s accounting trick should not fool anyone that the future will be rosier

Kim Moody: Governments aren’t balancing finances by separating expense and capital budgets https://financialpost.com/personal-finance/carneys-accounting-trick-should-not-fool-anyone-that-the-future-will-be-rosier #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Carney’s accounting trick should not fool anyone that the future will be rosier Read More »

CRA wins case against remote worker who claimed ,000 in moving expenses

CRA wins case against remote worker who claimed $67,000 in moving expenses

Jamie Golombek: You can claim these expenses if you work at home but for professional not personal reasons https://financialpost.com/personal-finance/taxes/cra-wins-against-remote-worker-claiming-moving-expenses #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

CRA wins case against remote worker who claimed $67,000 in moving expenses Read More »

Forget income tax: Here are 25 other ways bloated governments hurt your pocketbook

Kim Moody: Some of these charges are obvious, but many are buried in the fine print of daily life, quietly draining wallets https://financialpost.com/personal-finance/taxes/25-ways-bloated-governments-hurt-your-pocketbook #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Forget income tax: Here are 25 other ways bloated governments hurt your pocketbook Read More »

Jamie Golombek: Tax season starts today. Here’s what you need to know

From deadlines to capital gains and CPP, here are the key pieces of information to fulfill your CRA obligations https://financialpost.com/personal-finance/taxes/jamie-golombek-tax-season-monday #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Jamie Golombek: Tax season starts today. Here’s what you need to know Read More »

Charitable securities donation might be the most tax-effective way to give

‘You’re getting a donation receipt and you’re paying no tax on those gains,’ says tax expert Jamie Golombek https://financialpost.com/personal-finance/taxes/securities-donation-tax-effective-charity #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Charitable securities donation might be the most tax-effective way to give Read More »

Jamie Golombek: Tax season starts Monday. Here’s what you need to know

Jamie Golombek: Tax season starts Monday. Here’s what you need to know Read More »

Liberals have made our tax system complex, inefficient and heavy

Moody: Canada’s taxation system has become a giant income and wealth redistribution scheme designed to achieve political goals https://financialpost.com/personal-finance/liberals-tax-system-complex-inefficient #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

Liberals have made our tax system complex, inefficient and heavy Read More »

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