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 [...]
One of the number of ways to create wealth faster is to protect your returns on investment. Taxes are the number one adversary to any investor but there are LEGAL ways to get around Uncle Sam. One of the best tax deductible rules in America, which will hopefully come to Canada soon, is the [...]
One of the biggest burdens on becoming financially successful is leakage. When I mean leakage I mean fees and unrelated costs to any investment. The biggest leakage of all is TAXES! Most people look to invest in their retirement accounts for a tax kickback. What most people do not realize is this is tax deferred, [...]
