Taxes

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Perhaps it’s time some non-profits paid tax like everybody else

Perhaps it’s time some non-profits paid tax like everybody else

Kim Moody: There should be brighter lines in an NPO’s activities to determine whether a tax exemption is appropriate or not https://financialpost.com/personal-finance/taxes/time-non-profits-paid-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

Perhaps it’s time some non-profits paid tax like everybody else Read More »

It’s time for the CRA to implement an automatic tax-filing system

It’s time for the CRA to implement an automatic tax-filing system

Kim Moody: People with straight-forward income shouldn’t have to pay much, if anything, to annually prepare tax returns https://financialpost.com/personal-finance/taxes/time-cra-implement-automatic-tax-filing-system #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 time for the CRA to implement an automatic tax-filing system Read More »

Big CRA funding increases could be better spent elsewhere

Big CRA funding increases could be better spent elsewhere

Kim Moody: It’s long overdue to question why the CRA’s headcount is growing while its ‘client experience’ is less than appealing https://financialpost.com/personal-finance/taxes/cra-big-increases-funding-better-spent-elsewhere #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

Big CRA funding increases could be better spent elsewhere Read More »

Pretax vs. After-Tax Investing: Which Is Better?

Pretax vs. After-Tax Investing: Which Is Better?

The way you invest can affect how much you owe in taxes. Some investment accounts offer tax breaks today, while others help reduce your tax liability in retirement. Each has its own pros and cons. Finding the right balance is an important part of managing your money, especially when you’re relying on your nest egg

Pretax vs. After-Tax Investing: Which Is Better? Read More »

‘Bad guys’ go free while compliant Canadians get burdened with new trust rules

‘Bad guys’ go free while compliant Canadians get burdened with new trust rules

Kim Moody: The rules will miserably fail at achieving their objectives https://financialpost.com/personal-finance/taxes/bad-guys-go-free-compliant-canadians-burdened-new-trust-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

‘Bad guys’ go free while compliant Canadians get burdened with new trust rules Read More »

Buying your first home? These are the top 3 tax strategies to use

Buying your first home? These are the top 3 tax strategies to use

Jamie Golombek: Many willing to make sacrifices to fulfil home ownership dreams, but these tax incentives can help, too https://financialpost.com/personal-finance/taxes/buying-first-home-top-3-tax-strategies-use #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

Buying your first home? These are the top 3 tax strategies to use Read More »

Thinking of leaving Canada? There’s more than just personal tax rates to consider

Thinking of leaving Canada? There’s more than just personal tax rates to consider

Kim Moody: Climate, location of friends and family, health care, cost of living and more all play a role https://financialpost.com/personal-finance/taxes/thinking-leaving-canada-more-than-personal-tax-rates-consider #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 of leaving Canada? There’s more than just personal tax rates to consider Read More »

Know your TFSA limit and stay within it — or else the CRA will come knocking

Know your TFSA limit and stay within it — or else the CRA will come knocking

Jamie Golombek: Taxpayers who inadvertently overcontribute to their TFSA face a hefty penalty tax https://financialpost.com/personal-finance/taxes/know-your-tfsa-limit-stay-within-cra-trouble #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

Know your TFSA limit and stay within it — or else the CRA will come knocking Read More »

These 5 Income Tax Act provisions need to be amended or eliminated altogether

These 5 Income Tax Act provisions need to be amended or eliminated altogether

Kim Moody: Canadians deserve better than an income tax system filled with simple and silly political gestures https://financialpost.com/personal-finance/taxes/5-income-tax-act-provisions-need-amended-eliminated #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

These 5 Income Tax Act provisions need to be amended or eliminated altogether Read More »

States That Don’t Tax Retirement Income

States That Don’t Tax Retirement Income

If you’re considering relocating to a different state when you retire, you might want to think about how your income will be taxed in the state you plan to move to. planning to move to. State income taxes can range as high as 13.3% unless you live in a state that doesn’t tax retirement income.

States That Don’t Tax Retirement Income Read More »

9 tax-related wishes to Santa to put more money in your pocket

9 tax-related wishes to Santa to put more money in your pocket

Kim Moody: This wish list includes a good dose of positive tax changes for all — Canadians need it https://financialpost.com/personal-finance/taxes/9-tax-related-wishes-more-money-pocket #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

9 tax-related wishes to Santa to put more money in your pocket Read More »

FP Answers: How do I figure out my combined marginal tax rate so I can make good financial decisions?

FP Answers: How do I figure out my combined marginal tax rate so I can make good financial decisions?

Marginal tax rate is important to know because it is the tax rate you can expect to save on your first dollar of deductions https://financialpost.com/personal-finance/taxes/how-to-figure-out-combined-marginal-tax-rate #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 do I figure out my combined marginal tax rate so I can make good financial decisions? Read More »

TurboTax vs. H&R Block: Full Comparison

TurboTax vs. H&R Block: Full Comparison

Amid a crowded field, H&R Block and TurboTax are two popular and respected e-filing tax options. Both deliver a cost-effective way to get your taxes done quickly and correctly, maximizing your return. There are, however, core differences between TurboTax vs. H&R Block. There isn’t one program that’s better than the other so much as each

TurboTax vs. H&R Block: Full Comparison Read More »

TaxSlayer vs. TurboTax 2023: Full Comparison

TaxSlayer vs. TurboTax 2023: Full Comparison

Let’s take a look at two of the most popular tax software: TaxSlayer vs. TurboTax. We’ll cover the similarities and differences between these two tax filers, going over their pros and cons. Tax season is coming. Whether you love it or loathe it, getting your federal tax return filed can be a simple and pain-free

TaxSlayer vs. TurboTax 2023: Full Comparison Read More »

Tax numbers for 2024 are in and inflation has pushed them substantially higher

Tax numbers for 2024 are in and inflation has pushed them substantially higher

Jamie Golombek: The new numbers you need to know, including tax brackets, CPP contributions, TFSA limit and more https://financialpost.com/personal-finance/taxes/tax-numbers-2024-inflation-pushed-substantially-higher #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 numbers for 2024 are in and inflation has pushed them substantially higher Read More »

Housing woes will not be solved by attacking perceived evils through the tax system

Housing woes will not be solved by attacking perceived evils through the tax system

Kim Moody: A super tax won’t cause short-term rental owners to put their properties into the long-term rental arena https://financialpost.com/personal-finance/taxes/housing-woes-solved-attacking-perceived-evils-tax-system #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

Housing woes will not be solved by attacking perceived evils through the tax system Read More »

How to raise your chances of getting a bigger tax refund next year

How to raise your chances of getting a bigger tax refund next year

Now is a critical time to plan your taxes https://financialpost.com/personal-finance/taxes/raise-chances-bigger-tax-refund #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

How to raise your chances of getting a bigger tax refund next year Read More »

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