Experts say that encouraging children to follow the stocks of established companies that make products they like is a great way to develop an interest in the stock market. It could spark a lifetime appetite for smart investing.
Canadians of high net worth – generally defined as having at least $1-million in investable assets – want to ensure the money they’re passing on to their children isn’t frittered away.
Robin Taub, personal finance expert at TurboTax joins BNN for Talking Tax with tips for freelancers and the self-employed and those who make a living off apps like UBER and AirBnB.
It’s bad enough to discover that your business is facing a hefty tax bill. But what if you can’t pay?
Online tax filing service says Vancouver is the second most transit-friendly city based on the percentage of people claiming public transit refunds.
Millennials appear to be buying into the Canadian housing market with new zeal and the beleaguered Calgary and Edmonton markets are prime beneficiaries of a boost in first-time buyer purchases, new tax data shows.
Your children may not always look like they’re listening, but they’re certainly watching. That’s why it’s important to make sure your actions line up with what you say, especially when it comes to managing your money.
When it comes to paying kids an allowance, there’s a lot of disagreement over the best way to go about it. When to start paying allowance, whether to tie it to chores, and how much to pay are all matters up for debate.
There’s one thing, though, that financial experts agree on and studies support: Giving kids an allowance is a great way to teach them how to handle money.
Saskatchewan taxfilers may not be the quickest off the mark, but they are adept at claiming tax credits for their children’s sports and arts activities and among the most generous in terms of donations, in Regina at least, according to a survey by a Toronto-based income tax-filing software company.
“There are certain types of jobs where its obvious you’re self employed,” Robin Taub, a chartered professional accountant and spokesperson for software provider TurboTax told Yahoo Canada. “But with this newer sharing or apps-based economy, some people may not realize that what they’re making is income and they have to report it.”