Taxes

Smarter ways to put your tax refund to work

Sandra Fry: It’s tempting to treat a tax refund like a surprise windfall, but it’s worth putting your money to good use https://financialpost.com/personal-finance/debt/smarter-ways-put-your-tax-refund-work #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

Smarter ways to put your tax refund to work Read More »

The bare trust debacle shows the CRA needs to learn to respect taxpayers

Kim Moody: Taxpayers wasted money and tax professionals lost sleep only to be told the rules had changed https://financialpost.com/personal-finance/taxes/bare-trust-debacle-shows-cra-needs-respect-taxpayers #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 bare trust debacle shows the CRA needs to learn to respect taxpayers Read More »

CRA reverses course, exempts bare trusts from new regulations

Jamie Golombek: Bare trusts will be exempt from trust reporting requirements for 2023 https://financialpost.com/personal-finance/taxes/cra-reverses-course-exempts-bare-trusts-new-regulations #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 reverses course, exempts bare trusts from new regulations Read More »

How Your Tax Refund Could Improve Your Credit Score

You can use your tax refund to improve your credit scores by paying down debt, bringing debt payments up to date or starting an emergency fund to cover surprise expenses. With strong credit, you’ll be more likely to qualify for loans, credit cards and even an apartment lease. You’ll generally receive more competitive interest rates,

How Your Tax Refund Could Improve Your Credit Score Read More »

Income averaging is an old idea that deserves another shot

Kim Moody: Re-think criticisms of income averaging to restore fairness and equity https://financialpost.com/personal-finance/taxes/income-averaging-old-idea-deserves-another-shot #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

Income averaging is an old idea that deserves another shot Read More »

5 tax changes to watch out for in the upcoming federal budget

Jamie Golombek: Possibilities include changes to the capital gains inclusion rate, retirement taxes and top tax bracket https://financialpost.com/personal-finance/taxes/5-tax-changes-watch-upcoming-federal-budget #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

5 tax changes to watch out for in the upcoming federal budget Read More »

The CRA already has your info, so make automatic tax filing a reality already

Kim Moody: To get access to significant cash handouts via credits, people must timely file their tax returns https://financialpost.com/personal-finance/taxes/cra-already-has-your-info-make-automatic-tax-filing-reality #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 already has your info, so make automatic tax filing a reality already Read More »

New trust reporting rules are daunting and expensive if you fail to file on time

Kim Moody: Rules invasive and complex, especially as they relate to requirement to file for bare trusts https://financialpost.com/personal-finance/taxes/new-trust-reporting-rules-daunting-expensive-fail-file-on-time #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

New trust reporting rules are daunting and expensive if you fail to file on time Read More »

5 tips to help keep the CRA off your back this tax-filing season

Jamie Golombek: These tax tips should help reduce the anxiety that can come with filing returns https://financialpost.com/personal-finance/taxes/tips-keep-cra-off-back-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

5 tips to help keep the CRA off your back this tax-filing season Read More »

5 Investments to Keep out of Your Taxable Account

Opening a taxable investment account opens the doors to a world of investment choices, from individual stocks to mutual funds, exchange-traded funds (ETFs) to bonds, trusts to cash accounts. But all investment choices aren’t taxed equally. And more, not all investment vehicles will be mindful of your growing tax liability. Some investments are more likely

5 Investments to Keep out of Your Taxable Account Read More »

Personal tax credits sound great, but they have a cost that quickly adds up

Kim Moody: Small-dollar personal credits are obvious examples of politics entering the taxation system https://financialpost.com/personal-finance/taxes/personal-tax-credits-sound-great-costs-quickly-add-up #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

Personal tax credits sound great, but they have a cost that quickly adds up Read More »

The Latest Personal Finance News for March 2024

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. The First Wave of Forgiveness for SAVE Plan Borrowers Is Happening In late February, the U.S. Department of Education announced the first wave of forgiveness for eligible federal loan borrowers who have

The Latest Personal Finance News for March 2024 Read More »

A deeper dive into the CRA’s rules around using a tax-free FHSA to buy a home

Jamie Golombek: Here are answers to common questions, including what to know when one spouse already owns a home https://financialpost.com/personal-finance/taxes/cra-rules-tax-free-fhsa-buy-home #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

A deeper dive into the CRA’s rules around using a tax-free FHSA to buy a home Read More »

Silly taxation penalties, legislation can’t fix Canada’s housing shortage crisis

Kim Moody: Measures play the blame game and will have almost zero impact on problem they’re trying to fix https://financialpost.com/personal-finance/taxes/taxes-wont-solve-housing-crisis #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

Silly taxation penalties, legislation can’t fix Canada’s housing shortage crisis Read More »

Can You Still Get a Tax Credit for an Electric Car in 2024?

Here’s an unexpected bit of good news for car buyers: In 2023, the average price of an electric vehicle (EV) dropped 17.7%, according to Cox Automotive. Unfortunately, the average price it dropped to was $50,798—not exactly pocket change. Still, lower prices, manufacturer and dealer incentives, comparatively high gas prices and a $7,500 federal tax credit

Can You Still Get a Tax Credit for an Electric Car in 2024? Read More »

It’s tax time: Here’s what you need to know for the 2023 filing season

Jamie Golombek: Here’s what’s new on this year’s return, plus some other things to keep in mind https://financialpost.com/personal-finance/taxes/2023-cra-tax-filing-season-what-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

It’s tax time: Here’s what you need to know for the 2023 filing season Read More »

Ottawa’s EV subsidies show tax-free fairy tales do come true for some

Kim Moody: Lack of transparency, tax-free handouts and dollar amount taxpayers on the hook for shocking and staggering https://financialpost.com/personal-finance/taxes/ottawa-ev-subsidies-tax-free-fairy-tales-come-true #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

Ottawa’s EV subsidies show tax-free fairy tales do come true for some Read More »

What you should be doing for your 2023 tax return right now

Tax expert Jamie Golombek offers tips on CRA deadlines and changes https://financialpost.com/personal-finance/2023-tax-return-what-you-should-be-doing #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

What you should be doing for your 2023 tax return right now Read More »

RRSPs still the greatest way to save for retirement: Golombek

Watch: Jamie Golombek, managing director of tax & estate planning at CIBC Private Wealth, explains why he is a ‘big fan’ https://financialpost.com/personal-finance/rrsps-greatest-way-save-retirement #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

RRSPs still the greatest way to save for retirement: Golombek Read More »

Give your accountant a hug. You may not find another one

Kim Moody: Incomprehensible new tax legislation combined with fewer accountants may crash in a horrible wreck https://financialpost.com/personal-finance/taxes/give-your-accountant-hug-you-may-not-find-another-one #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

Give your accountant a hug. You may not find another one Read More »

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