Taxes – Page 9 – How to Achieve Financial Freedom

Canadians need more time to digest new capital gains inclusion rules

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 »

Good taxation policies don’t need slick videos to make a case for them

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 »

Wealthy Canadians sour on state of economy in wake of capital gains tax changes, poll finds

Only 31% of Canadians in the highest-income group think the economy is moving in the right direction https://financialpost.com/news/economy/wealthy-canadians-sour-economy-capital-gains-changes #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

Wealthy Canadians sour on state of economy in wake of capital gains tax changes, poll finds Read More »

Bad government policy on capital gains leads to more distrust, more departures

Kim Moody: Ottawa needs to drop its poorly thought-out capital gains inclusion rate increase or entrepreneurs and investors will take their money elsewhere https://financialpost.com/personal-finance/taxes/bad-policy-capital-gains-leads-to-more-distrust #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 government policy on capital gains leads to more distrust, more departures Read More »

3 burning finance questions about federal budget 2024

Here are some action items you might need to contemplate right now https://financialpost.com/personal-finance/taxes/finance-questions-federal-budget-2024 #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

3 burning finance questions about federal budget 2024 Read More »

Taxing the rich is not a magic trick that will help younger Canadians

Kim Moody: Intergenerational fairness and asking the so-called rich to pay more tax via an increased capital gains inclusion rate is quite a leap of logic https://financialpost.com/personal-finance/taxes/taxing-the-rich-wont-help-younger-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

Taxing the rich is not a magic trick that will help younger Canadians Read More »

3 big questions about how the capital gains tax increase affects you

Ottawa says only a small percentage of taxpayers will be subject to the changes. In reality, a much wider spectrum of Canadians will be impacted https://financialpost.com/investing/how-capital-gains-tax-increase-affects-you #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

3 big questions about how the capital gains tax increase affects you Read More »

CRA’s tax deadline is just days away — and more Canadians are going to miss it

Jaime Golombek has some last-minute tips for the 10 million Canadians who have yet to file https://financialpost.com/personal-finance/taxes/cra-tax-deadline-last-minute-filing-tips #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 tax deadline is just days away — and more Canadians are going to miss it Read More »

4 tax-smart investment ideas that pack a punch even with the budget changes

Ted Rechtshaffen: These strategies can help many Canadians save tax every year https://financialpost.com/personal-finance/taxes/4-tax-smart-investment-ideas-even-with-budget-changes #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

4 tax-smart investment ideas that pack a punch even with the budget changes Read More »

What Is the Foreign Earned Income Exclusion?

When you live and work abroad, the IRS still expects you to pay taxes in the U.S. Unless you exclude your foreign income using the foreign earned income exclusion (or use another IRS provision), you’ll pay U.S. taxes on your worldwide income—even if you paid taxes on it already in another country. The foreign earned

What Is the Foreign Earned Income Exclusion? Read More »

Taxpayers’ ombudsperson is reviewing CRA’s handling of bare trust rules

Scrapping reporting requirements just days before the deadline may have violated taxpayers’ rights https://financialpost.com/personal-finance/taxes/cra-handling-bare-trust-rules-ombudsperson-review #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

Taxpayers’ ombudsperson is reviewing CRA’s handling of bare trust rules Read More »

Still Waiting on Your Tax Refund? Here’s What to Do

Tax day has come and gone, and this year’s average refund so far is up $133 from last year to just over $3,000, according to the IRS. Waiting for your money to land in your bank account can be stressful. That’s especially true if you’re counting on your refund for making a large purchase or

Still Waiting on Your Tax Refund? Here’s What to Do Read More »

Here’s what you need to know about the increased capital gains tax

Jamie Golombek: Get ahead of the change by doing some proactive planning https://financialpost.com/personal-finance/taxes/what-to-know-increased-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

Here’s what you need to know about the increased capital gains tax Read More »

Capital gains tax changes could lead to ‘brain drain,’ harm productivity as some fear tech exodus

Critics say there may be several unintended consequences of the tax policy, including scores of innovators leaving Canada https://financialpost.com/technology/capital-gains-tax-changes-brain-drain-harm-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

Capital gains tax changes could lead to ‘brain drain,’ harm productivity as some fear tech exodus Read More »

Jamie Golombek: How the federal budget 2024 will affect your pocketbook

Watch CIBC tax expert explains the new measures in this year’s budget https://financialpost.com/personal-finance/taxes/how-federal-budget-2024-will-affect-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

Jamie Golombek: How the federal budget 2024 will affect your pocketbook Read More »

Corporate ‘excess profits’ tax? The federal budget could still hold some surprises

Kim Moody: Corporate tax hikes would be step in the wrong direction to help improve Canada’s lagging productivity https://financialpost.com/personal-finance/will-federal-budget-include-corporate-excess-profits-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

Corporate ‘excess profits’ tax? The federal budget could still hold some surprises Read More »

Goldy Hyder: Don’t tax success by making large employers pay more

Opinion: ‘Big is bad’ policies that target large employers risk further undermining investment in Canada https://financialpost.com/news/economy/dont-tax-success-large-employers-pay-more #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

Goldy Hyder: Don’t tax success by making large employers pay more Read More »

Standard vs. Itemized Deductions: Which Saves You Money?

You want to maximize your tax deductions to reduce your tax bill—the question is how. The IRS allows you to choose between itemizing all of your available deductions or using a single standard deduction based on your filing status. Which choice works best for you? To know for sure, you’ll need to look at your

Standard vs. Itemized Deductions: Which Saves You Money? Read More »

FP Answers: What are the tax consequences of selling a small business to my son?

Get the value appraised before you do anything https://financialpost.com/investing/tax-consequences-selling-small-business-to-son #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: What are the tax consequences of selling a small business to my son? Read More »

A single act of courage is needed to fix Canada’s tax system, but this government won’t do it

Kim Moody: Tax reform and review needs to happen to counter the negative consequences of our tax system being tipped over https://financialpost.com/personal-finance/taxes/single-act-courage-fix-canada-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

A single act of courage is needed to fix Canada’s tax system, but this government won’t do it Read More »