When aiming to lower your overall tax bill, as a business or as an individual, the two main mechanisms are tax credits and tax deductions. They are treated differently, however, and this article will help you clearly understand the difference when it comes to a tax credit vs. a tax deduction. Tax Credit A tax … READ MORE
Both a Registered Retirement Savings Plan (RRSP) and a Tax Free Savings Account (TFSA) are very useful tax efficient investment tools that exist in Canada. The Canadian Revenue Agency (CRA) has created unique tax rules for each tool to encourage Canadian residents to save for their future. This article will help provide you with a … READ MORE
When approaching investing your savings the options available to you can be pretty overwhelming, especially with some investment products appearing to be the same. Exchange Traded Funds (ETF) and Mutual Funds are very similar investment products, but with some key differences that can have an impact on your taxes and your ability to buy and … READ MORE
New EU VAT rules will have a seismic impact on how eCommerce works. Affected businesses will have to adapt so as to meet the internal demands and external requirements of the VAT legislation reform. Compliance with the new EU VAT rules is now key. How will an eMerchant comply with the new rules? The new … READ MORE
The new EU VAT on eServices comes into effect on January 1, 2015, and will – potentially – result in a host of administrative burdens for eMerchants. There are numerous issues ahead for businesses that have B2C sales of digital services in the EU. The new VAT rules only affect sales from a business to … READ MORE
When deciding to set up a small business many people hear that they should set up a S Corporation or a LLC (Limited Liability Corporation). Picking the right one for you can save you a lot of time and hassle down the road. Here are a few things to consider in making your choice. S … READ MORE
After deciding to invest in an IRA (Individual Retirement Account) you further have to make the distinction as to whether you want to invest in a Roth IRA or a Traditional IRA. These two investment vehicles have very different tax implications so considering your specific circumstances is important. Traditional IRAs: These offer the benefit of … READ MORE
As with any great relationship, give and take is an important component. If we give too much without taking anything, we will tire and grow frustrated quickly. If we take too much and give little or nothing, our better half will likely be discouraged. The same goes with estate taxes at death. If we leave … READ MORE
Death and Taxes’ as the phrase goes, are the two things in life we can always count on. As tax laws evolve and our personal lives change, the amount of taxes to be paid, refunded and filed literally changes from year to year. Invariably, in a life time, there will be more than one occasion … READ MORE
Difference between Consumption and Income Taxes
Learn about Sales Tax.
Learn about capital gains and what they mean for your taxes.
Learn about the difference between Direct and Indirect Tax.
Questions about Value-added Tax? Learn about this form of taxation.
Learn more about Generation Skipping Trusts to make sure that your wealth lasts for multiple generations and there are no unintended beneficiaries.
Don't make the mistake of not planning for your future. Learn about the taxes benefits associated with various retirement programs.
Roth IRAs are an attractive option for many but the associated tax benefits come with caveats, read this article to make sure they don't derail you or your heirs.
Trying to figure out how capital gains affect your investments? Learn about the details of capital gain taxes, and strategies you can take to lower those taxes.
Learn about the various tax rules associated with lottery winnings, investment interest, and holding periods.
Do you run a small business? Learn how taxes can affect your business.
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