As a freelancer, you wear many hats: you're the CEO, the accountant, and the marketing team all rolled into one. While this independence can be incredibly rewarding, it also means that it's up to you to take care of all…
The possibility of winning the lottery is an exciting prospect for many people, as it offers the potential for significant financial gains. However, for those who rely on Social Security benefits, the question of whether lottery winnings can affect those…
Health Savings Accounts (HSAs) are an increasingly popular healthcare savings option that offer significant tax benefits to those who are eligible to contribute. For those unfamiliar with HSAs, they are tax-advantaged savings accounts that are specifically designed for individuals with…
Investing in the stock market can be a great way to build wealth, but it can also come with a hefty tax bill. By implementing tax-efficient investing strategies, you can keep more of your money working for you instead of…
Are you a resident of Quebec and wondering why your income tax is the highest in Canada? Quebec has its own separate tax system from the federal government, which means that residents of Quebec have to pay both the federal…
When filing your tax return, claiming dependents can provide valuable tax benefits and potentially reduce your overall tax liability. However, understanding the rules and qualifications for claiming someone as a tax dependent can be complex. It's essential to have a…
Conservation easements have become a popular way to protect natural resources and preserve land for future generations. Not only do they provide significant environmental benefits, but they also offer tax advantages for donors. In this article, we will discuss the…
When it comes to taxes, most people think of paying their fair share to the government. But does the government also have to pay taxes? The answer may surprise you. The government, like all entities, has a responsibility to pay…