As the IRS continues to accept returns, here's what to know about tax rates for year 2024, how to track your refund and dates ...

Charitable donations. The deadline for making donations for the 2024 tax year was extended to Feb. 28, 2025, given the disruption of the Canada Post strike. The draft legislation confirms that the ...

Since TFSA withdrawals are tax-free, they don’t push you into a higher income bracket or, if you’re retired, interfere with Old Age Security (OAS) benefits by triggering clawbacks. But if you’re ...

Your take-home pay may have gotten a bump now that the Internal Revenue Service updated the income tax brackets and standard ...

Canadians get fresh contribution room in their tax-free savings accounts. Find out this year’s contribution limit, the overall limit and more.

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The federal government has deferred its planned increase to the capital gains inclusion rate, pushing the implementation date ...

The executive orders (EOs) and policy memoranda President Donald Trump issued thus far advance his goal of making America ...

The conversation turned to RRSPs since the fast-approaching deadline for 2024 RRSP contributions is March 3, 2025. Today, I ...

On January 31, 2025, the Minister of Finance (Canada) announced that the proposed increase in the capital gains inclusion rate from one-half ...

The 2024 tax return has two unique twists. One affects a sliver of the tax-paying population (though quite substantially), ...