If you haven’t used Wealthsimple’s tax services in the past, don’t stress. All you will need is a few key numbers from your previous return and you’ll be able to get started. Each year you continue to use the service will be a piece of cake, as all previous information will be...
If you’re wondering if this is too good to be true, remember how pared down this platform is AND keep in mind that Wealthsimple may simply be using this as a loss leader in order to bring you into their overall ecosystem, which now includes tax preparation, robo advisor services, high ...
Subject to a £20,000 investment limit, investors do not pay capital gains or income tax. The costs for the ISA are the same as for the other Wealthsimple products: 0.7% AMC for the stocks and shares ISA run on a basic package. For those with £100,000 to invest the Black ...
“Our approach to tax loss harvesting is simple. Any time one of the eligible ETF positions in a client account falls 7 percent below the amount that was paid for it, we will sell the position to realize the capital loss for tax purposes,” said Tempelmeyer. They take the proceeds of t...
which produces a wide range of popular products that have significantly raised the total value of its assets. Let’s say Snufflepuff Inc. has assets worth $60 million in total, but it’s also carrying some significant long-term debt and some outstanding tax payments that amount to $20 mill...