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, […]

Featured Investing

6 Rules for Novice Investors

I recently began volunteering with an organization called Girls Inc., one of whose valuable programs that teaches teen girls the basics of investing and money management. By the end of the program, the girls will be competently managing a full-blown investment portfolio. Sadly, that’s something that most adults are unable to do. Most novice investors […]

Featured News

Major Tax Increases or Heavy Layoffs

Toronto taxpayers are facing a 35% tax hike unless there are job cuts to the city’s workforce, Mayor Rob Ford warned Friday. His administration can’t avoid penning pink slips if more staff does not start volunteering to take buyouts the mayor said on The Roundtable, with Sun News Network co-hosts Pat Bolland and Sue-Ann Levy, […]

Featured Investing

The Cost of Freer Trade

Before Sept. 11, 2001, Canada and the United States liked to brag that the line on the map between them denoted the longest undefended border in the world. Since exporters could cross that border in the blink of an eye and the Canadian dollar’s value was low, Canada was able to woo foreign investors by […]