Taxes

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

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?

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

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

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

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

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

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 »

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 »

What Is the Gift Tax?

What Is the Gift Tax?

The gift tax is a federal tax imposed on certain assets transferred from one person to another. However, most taxpayers will never have to worry about paying the gift tax, which comes due only when you make more than $13.61 million in gifts over your lifetime. Here’s everything you need to know. What Is the

What Is the Gift Tax? 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 »

2023 Year End Tax Moves You Must Be Doing

2023 Year End Tax Moves You Must Be Doing

The end of the year can be a hectic time. You have the stress of the holidays, probably quite a bit of travel, plus a mix of revelry and fun… so it’s understandable that the last thing you’d want to think about is your finances. But with the year coming to an end, there’s a

2023 Year End Tax Moves You Must Be Doing 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 »

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