The case hinged on a small provision in the Income Tax Act, Section 160, which says that if an individual transfers property ...

With only two weeks remaining in the 2024/2025 tax year, taxpayers have a final opportunity to maximise their tax-deductible ...

Therefore, a Roth IRA provides a "much longer runway for tax-free investing," said certified financial planner Thomas Scanlon ...

The exemption level is indexed for inflation, meaning these numbers have increased ... Porte Brown. "Estate Tax Planning Tips for Married Couples." Fidelity Investments. "Understanding the ...

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

Unlike Roth IRAs, there are no income limits on Roth 401 (k)s. You can contribute to the account no matter how much you earn.

Businesses in foreign trade zones can defer paying duties and taxes until their products leave the zone at the point of sale.

Thomas' experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning ... the larger the inheritance tax is likely to be.

Definition: Tax-planning funds cater to the investors' need of minimizing tax burden on the returns from investments. They are also called equity-linked tax saving funds or ELSS. These funds are ...

This is the financial cost of the pursuit of love, and some ways to create connections without added financial strain.

The growing pressures of paying for the state pension means the triple lock could soon come under scrutiny, an expert has ...

In 2025, the SECURE 2.0 Act allows a new "super catch-up provision" for individuals who turn ages 60 to 63 before the end of ...