Corinne is 50 and has finally paid off her mortgage. She and her wife Sandra both work in hospitality, and are looking for a new challenge. Their home’s on the shores of Lake Ontario and they plan to transform it into a bed and breakfast. They decide to buy a bungalow further inland to live in. The B&B property is in Corinne’s name.
Fewer Canadians are donating to charity. Statistics Canada reports donations fell nearly 2% to $8.3 billion in 2012. What’s worse, the number of people giving slipped 1.4% to 5.6 million.
Today’s the last day for clients to file their taxes.
Ontario's plan to raise taxes on those making more than $150,000, has grabbed early headlines, but the provincial government says it has more changes in store for taxpayers, should the budget pass.
The Ontario government will increase taxes for those making above $150,000.
Surgeons have removed 12 bars of gold from a man’s stomach in Delhi, India, BBC reports.
U.S. property taxes are rising at fastest rate since recession.
If your client sells an asset, she’ll have to pay tax on half her gains. And if another investment lost money, it can offset her capital gains and she’ll only pay tax on half of any remaining profit.
IRS has reportedly turned to social media in an effort to nail tax cheats, reports Marketplace.
If your U.S. clients are dazed and confused by the American tax code, they can probably relate to a letter former U.S. secretary of defense Donald Rumsfeld sends the IRS every year.