Category: Wealth

In your case, Gayle, you’re probably wondering about the federal tax credit for seniors, as well as a provincial tax credit specific to Saskatchewan. Income Tax Guide for Canadians Deadlines, tax tips and more What is the federal home accessibility tax credit? You don’t need to be in Saskatchewan for this tax credit. The federal…

Welcome to a new year of enhancing the beauty and functionality of your home! As homeowners, it’s essential to periodically assess the exterior of our homes to ensure they are not only visually appealing but also efficiently serving their purpose. This year, consider upgrades that offer long-term benefits and can even increase the value of…

  I watched all three hours of Scott Bessent’s confirmation hearings.  My three major takeaways: 1. He’s highly competent, thoughtful, and decent.  In many respects, he’s likely to be a fine Treasury Secretary. 2. Whether out of conviction or greed, he and his team are blind when it comes to taxing the wealthy.  To them, the top…

College students need to do their taxes, and many have student loans. So, if you’re a student or a student loan borrower, which tax software is best? This year, several major tax companies are courting student loan borrowers with the promise of free state and federal filing for people claiming education credits and student loan…

Joseph Sohm / Shutterstock.com Trump’s administration has signaled shifts in credit and debt relief policies that could impact millions of borrowers. While deregulation efforts may expand financial access, they could also reduce consumer protections, making it harder for struggling borrowers to find relief. These policies could reshape how Americans manage credit, loans, and debt relief,…

Did you know that a whole life insurance policy can actually help you make money? It’s true—and it’s a strategy sometimes used by those with higher incomes and net worths. For those seeking life insurance coverage, a term life insurance policy is typically the more affordable and simpler choice. Both Sam and I opted for…

This SEP IRA overview has been updated with information for the 2024 & 2025 tax years. Having become fully self-employed in recent years, I thought it would be a good time to revisit and update my research on the primary retirement accounts that those with self-employment and 1099 income can take advantage of: SEP IRAs,…

Family or Marriage Image Source: 123rf.com I’m glad I’m out of the dating game because modern-day courting is tough. Around 25 to 33% of adults in the United States have reported that they’ve been ghosted. Ghosting someone means you abruptly cut off communication with someone you’ve been dating or talking to for no given reason.…

Morning friends! A blogger friend of mine recently came out with a new book, and it’s centered around one of the things that occupies my brain way more than I care to admit 😉 The purpose of life. And apparently I’m not alone, as this “purpose anxiety” apparently affects 91% of people! Crazy! So odds…

The U.S. Tax Code is over 2,600 pages long, with over 1 million words. While the actual taxes people pay only take up about 2 pages – the rest of it defines “what counts”. The tax breaks…  Whether you have a high income or a low income, your taxation is governed by the same set…