It’s tax time: Here’s what you need to know for the 2023 filing season

Breadcrumb Trail Links Taxes Personal Finance Jamie Golombek: Here’s what’s new on this year’s return, plus some other things to keep in mind Published Feb 22, 2024  •  Last updated 16 hours ago  •  5 minute read A mail drop box outside the Canada Revenue Agency in Toronto. This year’s general tax filing deadline is April … Read more

As challenges loom, L.A. City Council approves $150 million in ‘mansion tax’ spending

The Los Angeles City Council passed a $150-million spending plan for funds raised by Measure ULA on Tuesday, marking the first time funds will be specifically allocated since Angelenos passed the tax in November. The expenditure plan will be directed to six programs: short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash … Read more

2023 tax return: What you should be doing right now

Breadcrumb Trail Links Taxes Personal Finance Tax expert Jamie Golombek offers tips on CRA deadlines and changes Published Feb 17, 2024  •  Last updated 12 hours ago  •  2 minute read Canada Revenue Agency has made some changes this year which taxpayers need to know about. Photo by Getty Images Reviews and recommendations are unbiased and … Read more

Why the ETF Structure May be More Tax Efficient for the American Investors.

Exchange-traded funds (ETF) in the United States have some tax advantages compared to the unit trust in the United States. This means that it may be more efficient for an American investor to invest through an ETF structure than a unit trust structure. It has become more popular for existing unit trust to attach an … Read more

Might a Georgist land tax help revive Detroit?

That is the topic of my Bloomberg column.  Maybe they should try it for federalism/discovery purposes, but overall I am skeptical.  Here is one excerpt: The history of “enterprise zones,” which are specially designated areas (usually urban) with lower taxes and fewer regulations, offers a cautionary tale. Enterprise zones have at best mixed results in revitalizing declining areas. Could … Read more

Perhaps it’s time some non-profits paid tax like everybody else

Breadcrumb Trail Links Taxes Personal Finance Kim Moody: There should be brighter lines in an NPO’s activities to determine whether a tax exemption is appropriate or not Published Feb 06, 2024  •  Last updated 1 day ago  •  4 minute read The Canada Revenue Agency headquarters in Ottawa. Photo by Sean Kilpatrick/The Canadian Press files Reviews … Read more

Thousands of California homeowners can cut their property tax bill. Here’s how

With property tax bills as high as they are in Southern California, you’d think that homeowners would sign up for every break they could get. You would be wrong. Since 1974, the state of California has offered to reduce the assessed value of any owner-occupied home by $7,000. That, in turn, reduces the home’s annual … Read more

Question of the Day: How many Americans receive a tax refund and what is the average dollar amount?

Audit I’m saying is it can be accrual world out there. A refund can help you return to normal.  Answer:  About ⅔ of Americans receive a refund Average amount: $3,167   Photo by Kelly Sikkema on Unsplash Questions: How might receiving a tax refund impact consumer spending and saving behavior? Compare the advantages and disadvantages … Read more

Essential Tax Breaks Every Real Estate Investor Should Know in 2024

In this article This article is presented by Steadily. Read our editorial guidelines for more information. Running a rental business comes with its fair share of headaches, but one upside is that just about every rental activity associated with buying, maintaining, and operating a rental property is tax-deductible. We’ll walk through a checklist so you remember to keep … Read more