Auto Added by WPeMatico
Here’s the latest personal finance news, how it may impact your financial plan and what you can do to maintain your financial well-being. Department of Education Pauses Payments for 8 Million Borrowers Shortly after the Saving on a Valuable Education (SAVE) plan was set to expand, the Biden administration has paused payments for the 8 […]
The Latest Personal Finance News for August 2024 Read More »
Kim Moody: A corporation in Estonia pays zero corporate tax unless and until profits are distributed to its shareholders https://financialpost.com/personal-finance/taxes/estonia-canada-tax-policies-improve-economy-productivity #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
Changes prompted a wave of asset sales as owners rushed to divest before the new tax implications took hold https://financialpost.com/real-estate/property-post/capital-gains-tax-record-commercial-real-estate-sales #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
Commercial realtors cite capital gains tax as reason for last month’s record sales Read More »
Kim Moody: Not much has been done to ensure the average Canadian is well-informed and educated about financial matters https://financialpost.com/personal-finance/taxes/canadian-students-politicians-need-better-financial-training #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
Canadian politicians need better financial training Read More »
Looking for legitimate ways to reduce your tax bill is practically an Olympic sport. But intentionally lying to the IRS, or failing to file or pay your tax bill, isn’t fun: It’s tax fraud. Tax fraud happens when a taxpayer willfully misrepresents the facts or otherwise tries to evade paying taxes they owe or believe
What Is Tax Fraud? Read More »
If you overcontribute, the CRA charges a penalty tax of one per cent for every month that any excess contributions stay in your account https://financialpost.com/personal-finance/taxpayer-burned-relying-cra-website-info #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
Taxpayer gets burned after blindly relying on CRA’s website info Read More »
Jamie Golombek looks at a recent case that dealt with the exemption and how it is applied https://financialpost.com/personal-finance/taxes/court-finds-indigenous-womans-income-taxable #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
If you think Indigenous people don’t pay tax, think again Read More »
A home equity line of credit (HELOC) could help you fund a home renovation or consolidate debt at a lower interest rate. But there’s another benefit you may not be aware of: You may be able to deduct the interest you pay on a HELOC from your federal income taxes. Here’s what you need to
Is HELOC Interest Tax Deductible? Read More »
Kim Moody: Target is older Canadians who have paid off their homes and have the good fortune of capital appreciation https://financialpost.com/personal-finance/taxes/tax-home-equity-latest-liberal-housing-bogeyman #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
Tax on home equity is latest proposal in Liberals’ bogeyman approach to housing Read More »
Jason Heath: Onus is on taxpayer to show they are eligible for disability tax credit https://financialpost.com/personal-finance/qualify-disability-tax-credit #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
You may qualify for this valuable tax credit without even knowing it Read More »
Leaving Canada without prudent planning could see assets taxed at rates of more than 50 per cent https://financialpost.com/personal-finance/leaving-canada-need-to-know #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
Thinking about leaving Canada? Here are the financial considerations you need to know Read More »
Kim Moody: Canadians have a chance to push for a change in our unnecessarily complex income tax system https://financialpost.com/personal-finance/taxes/canada-income-tax-confusing-review-overdue #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
Canada’s income tax regime is confusing even to experts and a review is long overdue Read More »
Kim Moody: Anytime you can get the general public talking about taxation it’s a good thing https://financialpost.com/personal-finance/taxes/capital-gains-tax-hike-three-positives #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
Positives about the capital gains inclusion rate hike? Yep, here are three Read More »
Frequent trading in a TFSA has been a focus area for the CRA’s audit and reassessment activities https://financialpost.com/investing/cra-watches-marketable-securities-tfsa #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
The CRA is watching how often you trade marketable securities in your TFSA Read More »
Family-owned farms will be negatively affected https://financialpost.com/commodities/agriculture/farmers-take-hit-new-capital-gains-tax #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
Farmers will take hit from capital gains tax changes, Commons committee told Read More »
Kim Moody: For those who believe the messaging and think it is necessary to solve income and wealth inequality, think again. https://financialpost.com/personal-finance/taxes/liberals-inclusion-rates-divisive-politics #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 playing with inclusion rates is divisive politics at its worst Read More »
Trudeau government pushing ahead with June 25 deadline https://financialpost.com/personal-finance/taxes/capital-gains-tax-changes-what-you-need-to-know #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 table capital gains tax changes — what you need to know Read More »
Kim Moody: The capital gains inclusion rate increase impacts much more than the rich https://financialpost.com/personal-finance/taxes/more-people-discovering-rich-eyes-of-liberals #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
More and more people are discovering they are ‘rich’ in the eyes of Liberals Read More »
Kim Moody: Scrapping the plan is best, but Canadians need enough time to seek advice after tax professionals have fully absorbed the details https://financialpost.com/personal-finance/taxes/canadians-need-more-time-digest-new-capital-gains-inclusion-rules #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
Canadians need more time to digest new capital gains inclusion rules Read More »
Kim Moody: The capital gains inclusion rate proposal is nothing more than a revenue-generating measure https://financialpost.com/personal-finance/kim-moody-good-taxation-policies-slick-videos #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
Good taxation policies don’t need slick videos to make a case for them Read More »
