With an April 30 tax-filing deadline fast approaching, you might now be starting to wonder: How much am I going to owe from all that? The answer, tax…
Read more Unexpected money? Here’s what Canada taxes—and what it doesn’t – MoneySenseHow is a lump-sum severance taxed? When you lose your job and receive severance, it may be paid as a lump sum payment. It is generally a certain…
Read more Can you save tax by putting severance into a corporation? – MoneySenseTwo tax systems Unlike other parts of Canada, you file two tax returns when you live in Québec: a federal tax return with the Canada Revenue Agency (CRA)…
Read more The tax implications of moving to Québec – MoneySenseEach year, the IRS nudges dozens of tax numbers so ordinary pay rises aren’t secretly taxed away. For tax year 2026—the returns you’ll file in early 2027—those adjustments…
Read more IRS tax brackets for 2026: Everything you need to knowNine U.S. states are lowering income taxes on Jan. 1, according to a recent Tax Foundation analysis — a move that could give some taxpayers additional financial breathing…
Read more 9 states are cutting individual income taxes in 2026. See if yours is one of them.The U.K. government’s treasury chief said measures outlined in her latest budget aim to halt a rise in debt while helping to cool inflation. Speaking to lawmakers, Rachel…
Read more U.K. Treasury Chief Says Budget Measures Will Tackle Debt, InflationJack Ciattarelli speaks at a town hall in Pitman on Sept. 16, 2025. (Dana DiFilippo | New Jersey Monitor) Republican Jack Ciattarelli, who’s running to become New Jersey’s…
Read more Republican in New Jersey’s governor’s race releases tax returnsConnecticut residents know that their state is becoming more expensive, but some new studies provide documentation of the ongoing problem. New data shows that Connecticut ranks ninth nationwide…
Read more Rents in CT are climbing and among highest nationwide. What you need to earn to afford one.President Donald Trump’s tariffs are bad. But even if one were opposed to the tariffs on principle, they might be seduced by the revenue they generate and the…
Read more Trump’s rebate plan will push America toward a hyperprogressive tax codeThis form is typically used for foreign bank accounts, foreign investment accounts or foreign rental properties, but it can include other foreign assets. Foreign investments, including U.S. stocks,…
Read more How to report foreign income in Canada – MoneySenseThe 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 does not mean…
Read more How to plan for taxes in retirement in Canada – MoneySenseRESP 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 access to government…
Read more Year-end tax and financial planning considerations – MoneySenseIs 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 to calculate any…
Read more Do you have to make quarterly tax remittances in Canada? – MoneySenseAt a time when Canada, just like every other country, is looking for highly skilled workers, our tax rates make it more difficult for them to choose to…
Read more How high tax rates hurt the economy – MoneySenseWhat factors determine employment status? The Canada Revenue Agency (CRA) uses an important distinction when evaluating a relationship between a worker and a business: the difference is between…
Read more Is it better to be an employee or self-employed? – MoneySenseEven 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 something you do…
Read more What you should know about cryptocurrency tax in Canada – MoneySensePresidential candidates commonly trot out new tax proposals as part of their campaign platforms, often pledging to help ease the financial burden on taxpayers. This year, the plans…
Read more Harris and Trump have competing tax plans. Here’s how your paycheck would change under both.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. As a result,…
Read more How the $10-a-day child care program can affect your taxes – MoneySenseWhy 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 of the great…
Read more Do I need a GST or HST number? – MoneySenseWhat 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 distributed according to…
Read more How executors get paid in Canada – MoneySense
