Last night I listened to a teleconference interview with Scott Hennig, the director for the Canadian Taxpayers Federation. The Canadian Taxpayers Federation is a non-profit organization looking to stick up for Canadian taxpayers against government waste. Although they are non-profit, they are not a charity and do not have affiliations with any political party. Scott […]
Stephan Dion, leader of the federal Liberal Party of Canada, promised today to roll back the tax on income trusts. Income trusts became very popular because they let companies payout a lot of their profits as taxable income to investors, allowing them to pay little corporate tax. In an attempt to stop companies from all […]
A tax audit is nothing more than either the IRS or Revenue Canada following up on your tax submitted tax records. Don’t feel like you are being attacked or the tax man is against you.
If called in for a tax audit, be knowledgeable and find out as much as you can about your tax […]
I’m not very political nor American, but how the US presidential race is shaping up could really affect all us investors. Republican John McCain looks like he is losing on most fronts and we could see Barack Obama as the new President of the United States. Barack Obama has been quite vocal about his tax […]
Whether you like the Conservative government in Canada or not, they brought in an era of excellent tax incentives for Canadians. One of these incentives is called a Tax Free savings account or TFSA for short. The TFSA is a very flexible account in which earned investment income in the account, whether this is capital […]
