Is a tax preparer the same as an accountant?
However, the most important takeaway here is that an accountant / CPA can probably help you file your taxes, while a tax preparer more than likely will no...
Category: News
When did the RRSP program start in Canada?
1957 Understanding Registered Retirement Savings Plans (RRSP) Registered Retirement Savings Plans were created in 1957 as part of the Canadian Income Tax ...
Is inherited Roth IRA tax deductible?
Roth IRA beneficiaries can withdraw contributions tax-free at any time. Earnings from an inherited Roth can also be withdrawn tax-free, as long as the acc...
Should you take a home loan even if you have money to buy a house?
Experts believe that even if you have the sums to purchase the property in one go, it is better to take a home loan. Instead of spending a lump sum amount...
Can you make money investing in land?
While it may not be the most glamorous real estate investment, buying raw land can be a good investment — if you understand how to invest in land properly...
Are IRA contributions reported on 1040?
Contributions. Traditional IRA contributions should appear on your taxes in one form or another. If you’re eligible to deduct them, report the amount as a...
Are you an aunt if you have a nephew?
If you are male you would be your aunt’s nephew. If your aunt is the sister of one of your parents her other nephews would be your brothers or your male f...
What is the main drawback to having a tax professional do your taxes for you?
It Might Cost Too Much Cost is one of the major drawbacks of hiring someone to prepare and file your return. The price of professional tax preparation is ...
How do I get CBA certified?
How to Become a CBA: Become or work for a QBN member. Complete all three online exams with a score of 80% or higher. If you’ve just started your balloon b...
Are opt students exempt from Social Security tax?
As an F-1 visa holder, you are exempt from FICA (Social Security and Medicare) taxes. This means that no matter whether you are doing OPT, OPT extension o...
