Day trading in your TFSA? Watch out for the CRA!

Day trading in your TFSA? Watch out for the CRA!

We all want to be in the black regarding our investments, but investors using their Tax-Free Savings Account (TFSA) as a vehicle to shelter profits from triggering taxation could find themselves in hot water. According to Jamie Golombeck, an expert authority on Canadian tax law, the Canada Revenue Agency (CRA) is cracking down on investors…

How Homeowners Are Reducing Taxes Owed to IRS

How Homeowners Are Reducing Taxes Owed to IRS

What the average American pays in income tax each year can vary widely based on income, tax deductions, credits, and other factors. However, data from the Internal Revenue Service (IRS), the average federal income tax rate for all taxpayers was 14.5% in the 2018 tax year (the most recent data available). Additionally, many states also…