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2015. The T1 return has a new keying field. Your individual clients can now register for online delivery of some of their CRA correspondence. With their consent, you can enter their email address on the T1 return and submit this information when filing their tax return. The EFILE program wil...
But Trump’s tax package also included changes – such as much bigger standard deductions – that made it more attractive to file a basic tax return.* Those provisions caused a major change in taxpayer behavior. Here’s a chart from the Tax Foundation that was recently shared by the ...
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Credit isn't refundable, but you may be able to get a refund using theAdditional Child Tax Credit(ACTC) if you end up owing less tax than the amount of the Child Tax Credit you qualify for. You can claim these credits when filing your tax return. Here are the details of how they ...
European countries tried—and largely abandoned—wealth taxes. …For an investment yielding a steady 1.5% return, a 2% wealth levy would be equivalent to an income-tax rate above 100% and cause the asset to shrink. …The wealth tax also has an extra asterisk: it would be challenged as unc...