Tax-Free Savings Accounts (TFSA) are a valuable financial tool designed to help Canadians save money and grow their wealth without incurring taxes on their earnings. It’s a versatile account that offers tax advantages, making it a popular choice for individuals…
As April gets closer, more and more people will begin their search for a tax preparer to help them file their state and federal taxes. Approximately 51% of all taxpayers use a preparation service to file their annual taxes. If…
The tax season tends to be very stressful for some individuals. Those individuals are the ones who decide to do the taxes themselves and then get tangled up in all the forms, laws, rules and regulations. We must admit that…
What Is Tax Accounting? Let’s start at the beginning, not everyone knows what a tax accounting service does, let alone an accountant, and so let us explain this first. According to reputable sources, it is defined as a ‘sub-sector’ of…
Tax saving schemes are easily accessible in the financial market. However, opting for the best options can be a tricky task. It is essential to keep in mind that even though various options are easily available online, investors can be…
A lot of us have heard the old saying about nothing being permanent: except death and taxes. This quote is used a lot to show just how persistent and serious the government takes taxes. Yet even with taxes being such…
Many of us don’t know much about tax evasion, yet knowingly or unknowingly we evade tax and then end up paying a big price later. Tax evasion is avoiding paying your taxes and then failing to report it, the most…
You may have come across many ads and commercials for tax relief firms. Many tax relief firms boast of their services and make big promises but in reality they are nothing but frauds waiting to pay on desperate and innocent…
