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[ad_1] This form is typically used for foreign bank accounts, foreign investment accounts or foreign rental properties, but it can include other foreign assets. Foreign investments,...
[ad_1] The impact of your marginal tax rate It’s important to clarify, Ken, that if you have a minimum RRIF withdrawal with no tax withheld, that...
[ad_1] RESP contributions and withdrawals Registered education savings plans (RESPs) are used to save for a child’s post-secondary education. Contributing to an RESP can give you...
[ad_1] Is there a form to help with the calculations? Yes, there is a chart that can help; check it out here. However, you’ll still need...
[ad_1] At a time when Canada, just like every other country, is looking for highly skilled workers, our tax rates make it more difficult for them...
[ad_1] What factors determine employment status? The Canada Revenue Agency (CRA) uses an important distinction when evaluating a relationship between a worker and a business: the...
[ad_1] Even if you’re simply buying, trading and selling crypto as an investment, the CRA might still view your earnings as business income—especially if this is...
[ad_1] Presidential candidates commonly trot out new tax proposals as part of their campaign platforms, often pledging to help ease the financial burden on taxpayers. This...
[ad_1] Understanding the tax impact of more affordable care Here’s the problem: your child-care expense deduction will decrease if you pay less to your child-care provider....
[ad_1] Why registering for GST/HST pays off The other excellent reason to charge GST and HST is that it pays off in dollars and cents. One...
[ad_1] What is an executor? An executor is a person named in your will who will be responsible, after you die, for making sure that your assets are...
[ad_1] 10 ways to use your tax refund How you choose to spend your tax refund will often boil down to your tax bracket and debt...
[ad_1] I am guessing you have downsized your home to move to a condo and now have money to contribute more to your registered retirement savings...
[ad_1] Common tax filing mistakes and how to avoid them – CBS News Watch CBS News The tax filing deadline for most Americans is April 15....
[ad_1] Expert on maximizing your tax refund – CBS News Watch CBS News As the tax season progresses, the IRS reports having received over 71.5 million...
[ad_1] CNN — Here’s a look at the annual income tax filing deadline in the United States. April 15, 2024, is the deadline to file 2023...
[ad_1] Dividends are after-tax profits a company distributes among its shareholders, typically every quarter, and can be paid in cash or a form of reinvestment. Heath...
[ad_1] Unless taxpayers make a request, there are no withholding taxes on the minimum RRIF withdrawal. This can result in the Canada Revenue Agency (CRA) requesting...
[ad_1] In the case of Mexico, Marianna, a taxpayer is considered a resident of Mexico if they have a permanent home available to them in Mexico....
[ad_1] What is a bare trust? The Income Tax Act does not specifically define a bare trust, Chander. The Canada Revenue Agency (CRA) says: “A bare...