Biden targeting Protected Assets for Taxation: Why is it worrisome for wealthy immigrants?
According to an interview with Joe Biden earlier this year, he exclaimed his displeasure on the fact that the wealthy immigrants of the country today are not paying their fair share of taxes. This is where he suggested some tax
Business or personal debt got you down
The steps to take in order to regain control of your spending and reduce your debt quickly You may feel overwhelmed by debt. If you're in debt, the burden of that debt can weigh heavily on you. It has a significant
Budget busting business mistakes and how to get back on track
Staying on budget is an essential element of both personal and business success. Despite having a good financial understanding, the majority of people make mistakes. Recognizing these mistakes can help you avoid them, and failing to do so can cause
Budget Planning Tools to Consider
There’s no single budget planning tool that’s right for everyone. And if you’re keeping a budget, which is a fantastic way to stay in control of your money, then you want to choose the right tool for you. When you
Planning to start a new life in Canada? Learn what you need to know
Canada can be an exciting country to shift to. With multitudes of people having vibrant cultures and a wide range of races, religions, and languages, Canada can be a dream country for many. But how can you start a life
Tax regime in Canada: How non-citizen residents can get most out of it?
The tax regime or the tax system in Canada is mostly supervised by the Income Tax Act and, as well as sales tax, corporate tax and others. In Canada, your tax obligation is determined by your residency status. In the
2017 Trump Tax cuts to be kept intact: What this means for immigrants?
Much to the relief of republicans, President Joe Biden has proposed that the 2017 tax cuts during the Trump administration would be left untouched in a counter-offer to not raising the corporate tax rate to pay for a bipartisan infrastructure
Child tax credits: Are expats and immigrants eligible?
CHILD TAX CREDIT is a type of tax benefit given to US taxpayers for each eligible dependent child. For 2021, taxpayers are provided a credit of up to $ 3600 per child under the age of 6 years and $
Facing tax returns problems? Know why had IRS put nearly 30M tax returns for manual processing
Are you also one of the taxpayers who are facing constant delays in the processing of your tax returns? Have you logged in to your tax return a long time ago but still not received your returns? There are numerous
Biden proposes to increase Capital gain taxes: Key takeaways for expats and immigrants
At present, an approximate 20% is levied on investors on long-term capital gains of the assets that are held in the accounts for over one year. Now, with the new proposal of increasing the capital gain taxes by Joe Biden,