Tax

One of the big perks of using a 529 plan to save for college is that many states offer tax deductions for 529 plan contributions. Other states offer tax credits,…

These larger tax refunds would come at a time when many Americans are feeling cost-conscious and priced-out.

This week the Canada Revenue Agency (CRA) released the new tax numbers for 2026. Here’s what you need to know for next year. Inflation adjustment factor Each year, most income…

Last week’s federal budget contained some changes to the flow-through share regime: some positive, and some negative. Before reviewing the changes, here’s a primer on how flow-through shares work. Flow-through…

When you start an online store or any kind of ecommerce business, you’re thinking about selling lots of products, not collecting taxes. However, you do need to address the practical…

One of the things I enjoy is hanging out with tax geeks like me who have a similar passion to see Canada’s tax system improved. Last week, I attended the…

Building a good tax system is not easy. The Scottish economist Adam Smith, in his 1776 book The Wealth of Nations, said a good tax system should have the following…

Investing in property is one of the best ways to build wealth. Whether you’re looking to develop a side hustle or seeking to generate passive income, real estate is a…

Governments around the world struggle with basic financial mathematics. In other words, many spend much more than they receive. Unlike individual households, who cannot continue to run cash deficits indefinitely…

The Treasury Department has released a list of 68 occupations that will qualify for the new “no tax on tips” deduction. The deduction allows up to $25,000 per year and…