I Think, Therefore I Am; I Feel, Therefore I Am Taxed: Descartes, Tort Reform, and the Civil Rights Tax Relief ActLaura Spitz
TraditionalIRA contributionsmay be tax deductible today, but you’ll pay income tax when you withdraw that money in retirement. With a Roth IRA, you pay taxes on contributions today, but that income won’t be taxed later—so long as you adhere towithdrawal rules. When you have savings ...
aI didn't realise you would be taxed on stones you already exported. I will note this for next time. What would have been the better value to ship at? Our problem is with our local customs. If they think we are shipping too low value they can start asking questions. Quite delicate. ...
If you've already got an RESP in your name, or your child's name, here's some advice onmaking the most of itwhile it's active: Start sooner rather than later: The earlier the investment begins, the more compound interest will accrue over the RESP's lifetime ...
If you think that not enough tax is being withheld, you can use Form W-4 to request that an additional amount be withheld from each paycheck, or make quarterly estimated tax payments using Form 1040-ES (via mail or online). When you receive your 1099s each year, make sure you ...
Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state ...
If retirement is decades away, it may be hard to think or care about it. But when you are young is precisely the time to start saving for retirement. Even though it can be a challenge to save for the future, giving your savings those extra years to grow could make the struggle worth...
We almost always think of having more life left to live as a good thing. Retirement math is the exception. In retirement planning, the term longevity risk means your life may last longer than the money you have to support living expenses. ...
Because I’ve been writing about dividend investing for nearly two decades now, I get a lot of inquiries every month about the best Canadian dividend ETFs vs thebest dividend stocks in Canada. Obviously Canadians love their tax-efficient dividend income. The consistency of having those dividend ...
But if you think you're free from paying taxes on your reinvested dividends, think again. Choosing to reinvest your dividends is akin to receiving them in cash. And the way they are taxed depends on whether they are deemed ordinary or qualified. Remember, your dividends must meet certain ...