Income tax or taxation in general is something that most of us are confused about. This confusion is generated by the host of legalities surrounding the entire process. Income taxes are not only...
Starting a business is easily one of the most, if not the most, expensive ventures to pursue for an individual. There are a lot of details to cover and most of them come with major expenditures. This...
One common problem when running a business is the amount of finances needed to start and keep it running. There are a lot of expenses to cover and it will not even be clear when the business will...
An up and coming entrepreneur, regardless of what industry they will be in, would need to be well prepared for the extensive planning that they will have to do in order to make sure that they will...
The business industry does not come with easy shortcuts. If you are to get on and succeed in the field, you must be willing to put an extensive effort into your venture. That being said, it often...
The business industry will require you to be good in certain things in order to succeed. This is naturally the case for any other venture but seeing as this is an industry that can be quite...
A tax haven is a country where taxes are nonexistent or are very low. To describe it in a more complex manner, it is said that it is a place where there is no relevant taxes that are levied. There are...
There are various types of income tax systems with varying degrees of tax incidence in Canada. The level of Canadian income tax is average among Organization for Economic Co-operation and Development...
Many countries have agreed with other countries in treaties to ease the effects of double taxation (Double Tax Avoidance Agreement). Tax treaties may cover income taxes, inheritance taxes; value added...
Real estate tax is based on property valuations which are normally carried out by a central agency for the entire province. All provinces in Canada have their own assessment boards. Real estate’s are...
If you work in Canada, you will likely have to pay Canadian income tax. Starting at 15% of your gross pay, this constitutes the largest deduction from your income. Those earning higher annual incomes...
When your home needs items but you are on a strict budget, you may want to consider taking advantage during times where you can avoid paying the sales tax on your items. This is known to most states...
Estate planning is about the life of your family and loved ones – and the peace of mind you get from helping to preserve their financial security. Property planning is a difficult subject to discuss...
Offshore trusts or overseas trusts are formed due to the distinct asset protection that is provided. One can hold assets as well as funds and property and these assets are then managed in accordance...
International tax planning involves strategies to reduce or outright eliminate the payment of income taxes and other taxes. Global tax planning doesn't mean illegal tax evasion. There is a big...