Property Tax Alternative
Are property taxes good things? Not if you are a property owner, but if you work in the municipal government I guess it is good?
Are property taxes good things? Not if you are a property owner, but if you work in the municipal government I guess it is good?
How do you do your taxes ? Most years are pretty much the same for me, thus I use this post as a template to work from each year.
Can you claim school fees for medical credit with the CRA ? Yes, but you need to follow all the rules to claim it. Your child does not need to have a DTC to apply.
What should you do with found money ? Some say you should just splurge it, but maybe it would make much more sense to pay down debt with that money.
Why does the Canadian government tax some of the very benefits it pays out? This article explores the logic behind taxable vs. non-taxable federal benefits, comparing programs like the Universal Child Care Benefit and the (now former) Child Tax Benefit. It questions the administrative costs of taxing government-issued income, the policy goal of clawbacks, and the fairness of complexity in the system. The author suggests a more transparent and efficient structure might achieve the same budgetary goals without confusing taxpayers. Though written in 2013, this article remains relevant for anyone grappling with the oddities of how government support is taxed in Canada.