What is Tax-Loss Selling?
Tax-loss selling, or tax-loss harvesting, is a strategy that allows investors to offset capital gains taxes by selling investments at a loss. This is particularly helpful at year-end, as it can lower your taxable income for the year by applying
RRSP Contributions in Canada: What You Need to Know
An RRSP, or Registered Retirement Savings Plan, is a special account for Canadians to help save for retirement. This plan lets you put money away now, with the benefit of deferring taxes on that income until retirement when you’re likely
Tax Hacks: How to Legally Avoid Paying US Taxes While Living Abroad
As an American living abroad, you may have to pay taxes in both the US and the country you reside in. However, there are several legal ways to reduce or eliminate your US tax liability while still maintaining compliance with
Top 5 Factors That Determine If You Need To File A Tax Return In The USA
When it comes to filing taxes, can be a daunting task for many Americans. It's important to understand if you need to file a tax return in the USA, as failure to do so can result in penalties and interest
Small Business Owner? Here’s How To Save Big On Your Canadian Taxes
As a small business owner, you're likely always looking for ways to save money and maximize your profits. One of the best ways to do this is by taking advantage of the tax deductions available to you. However, navigating the