Financial Planning

As a Canadian taxpayer, it’s important to understand the differences between federal and provincial taxes. While both levels of government levy taxes on individuals and businesses, they do so for different purposes and at different rates. Federal Taxes The federal government is responsible for collecting taxes that fund national programs, such as healthcare, national defense, …

Understanding the Differences Between Federal and Provincial Taxes in Canada Read More »

There can be many reasons to consider filing bankruptcy. Most commonly, people are forced to file due to job loss, divorce, or medical problems that result in expenses that exceed coverage by medical insurance.  Often such financial calamities result in past-due, unpaid income tax, among other debts. In certain very specific circumstances, unpaid income tax …

Erasing Income Tax Debt In Bankruptcy Read More »

If you find that you are in an increasing amount of tax debt due to the most recent Tax Day or from a buildup of previous years’ debt, you may be feeling stressed, overwhelmed, and even defeated. It can be easy to ignore your increasing tax debt and bury your head in the sand. However, …

Everything You Need to Know About Tax Debt Read More »

Filing your taxes is a yearly occurrence that most Americans dread. But this routine doesn’t have to be a drag when you understand how to file them—and how to garner the biggest return on your form. From choosing a tax form to filing its items, here is a list of the ways in which you …

How to Maximize the Money from Your Tax Return Read More »