Tax on both sides of the border
Featured Personal Finance

Relief May be on the Way — Tax on Both Sides of the Border

U.S. citizens living in Canada not only have to file Canadian tax returns reporting their worldwide income, but they also have to file U.S. tax returns reporting the same income. That’s because the U.S. imposes taxes and filing requirements based on citizenship, not residency. To make matters worse, if the U.S. citizen holds a TFSA, […]

Investors can learn from lottery
Featured Investing

What Lessons Investors Can Learn From the $1.5-billion Powerball Lottery?

The U.S. Powerball lottery and its “world record” US$1.5-billion jackpot (or thereabouts) certainly caused quite a stir over the past few days. Even Canadians, apparently, were scrambling to get in on the action, flocking to American border towns to buy tickets. Jeesh. I don’t want to be a party pooper, and 1.5 billion is a […]