The CRA has introduced a number of changes to the federal tax code in 2024, which will go into effect this year. Last month, the Canadian Taxpayers Federation released an in-depth report detailing the changes.Here are some of the most important changes for personal tax filers that you ...
What’s ahead:The future of the car market is uncertain and depends on policies implemented by the incoming administration. Questions surround the impact of possible tariffs on car prices, whether auto loan rates will continue to drop, and if federal tax credits will still be available for elect...
Credit checks and credit reports are powerful tools for enhancing your credit score, which, in turn, can have a significant impact on your financial well-being. By regularly monitoring your credit reports, addressing inaccuracies, and practicing responsible credit habits, you can work towards a stro...
If you itemize deductions on your federal tax return, you may be able to claim a deduction for the personal property taxes you've paid.
law can impact day-to-day decisions so that you can avoid unexpected tax-time surprises. Your Aprio personal tax advisor and personal financial advisor will keep you in compliance with federal and state tax laws and ensure that you are not leaving available credits and deductions on the table....
The more important point is that this expense pushes back our eventual purchase of a fully-electric car–just in time for us to see that the Inflation Reduction Act’s tax credits now only cover a subset of the EVs on the market that excludes two of the models I’d been eyeing. ...
you can control the pace that you withdraw money at that point – and consequently how much taxable income you take out – until you get to 71 and have to convert your investment portfolio to a RRIF. Make sure to get a detailed estimate on what your tax bill would be if you choose to...
you can control the pace that you withdraw money at that point – and consequently how much taxable income you take out – until you get to 71 and have to convert your investment portfolio to a RRIF. Make sure to get a detailed estimate on what your tax bill would be if you choose to...
There are still seven marginal tax rates with higher income bracket limits in 2024 to account for inflation. Estates of people who died during 2024 have a basic exemption amount of $13.61 million. Tax Brackets and Marginal Rates There are still seven marginal tax rates at the federal level: ...
The American Rescue Plan of 2021 reduced the cost of Marketplace plans, increasing the tax credits for many Americans, and expanding eligibility for the tax credits beginning on April 1, 2021.21 Federal and Private Student Loans Federal and private student loan debt that's discharged due to death...