Income Tax: Canada CRA payroll tax
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What is Old Age Security Benefits and How to Apply?
The Old Age Security (OAS) program provides income security to Canadian seniors who are 65 years or older.
Many Canadians from the Baby Boomer age will be reaching the retirement age starting 2011 and if you are or you know someone who is retiring, let them know about these government benefits available to them.
Old Age Security benefits include:
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BC Province HST Income Tax: Canada US Tax
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taxsuppport.ca in B.C. Film Maker Directory
Vancouver in the movie making community is also known as Hollywood North.
The B.C. HST is a direct financial incentive for the Hollywood movie making industry to come to B.C. for on location filming. Many TV series and Feature film are being shoot in B.C.
B.C. film industry is supported by a host of companies, providing every kind of support services from snow making to pyro technique works.
A comprehensive listing of these specialized support service companies are indexed and published twice a year by Surrey based print publication company Western Filmmaker.
At Five Star Financial Services, we are pleased to announce our inclusion in the Western Filmmaker Fall 2010 directory as an Accounting and Tax service provider of B.C. film industry.
We are IRS authorized U.S.A. income tax service provider and U.S. Quickbooks Advisor. We are among a group of select companies in B.C. that can provide comprehensive and full cycle accounting and tax service for both the U.S.A and Canada.
BC Province HST Income Tax: Canada Tax
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HST and Income Tax Causing Fall of Empires
History repeating again. Mighty rulers of empires have fallen many times over this.
Your subjects do not like to be taxed.
Yesterday, it was Obama, got a dose or reality. America’s infatuation over change has faced the new reality, that nothing changed for over two years.
Today it’s British Columbia. The Premier could not stop the tide of discontent of Province’s people by giving a soothing lecture last week and cutting income tax.
In BC, people do not like HST to being with, and more than that, how it was implemented and imposed on BC.
Simply put, it has blind sided every common people in BC.
There were no public input, no advance sign and no discussion about the benefits of HST on overall economy.
The Liberals have failed massively to get any support for HST.
The Premier in his resignation speech mentioned about personal attack, and the cause of stepping down as BC Premier.
Well, it was his personal decision to implement the HST as the way it got implemented.
He must take responsibility.
Cheers for the people of British Columbia. More power to you.
Income Tax: Canada IRS US Tax
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U.S. Tax Revenue To Take A Dive With This Election Result
After largely getting rejected by the US voters on midterm election, the U.S. President came out with the first compromise on Income Tax for middle class families.
In his after election defeat press conference, He said that he will work with the Republican controlled Congress to keep the tax increase at a minimum for middle class families. There is still the issue of Tax Increase of upper-income families.
The President was ready to let expire the Bush tax cut on Upper-income families
With the Congress now under the republican control, it will be next to impossible without some major compromise on other issues for the Democrat President to expire the Bush tax cut.
What it mean on the macro level for U.S. economy?
It is already being called scary. The current U.S. deficit is on a rising trend and is at US$200 trillion. If U.S. was a corporation, it would have been declared bankrupt.
Since the Tax increase is going to be rejected and blocked by the Congress, there is no way U.S. will be able to reduce the deficit to a more manageable level. Instead it will keep ballooning.
As soon as other countries will realize the dire situation the U.S. economy is in, they will refuse to do business with U.S.
Would you like to give credit to a Bankrupt company? Do the Banks give credit to a Bankrupt person?
How would you like to do business with a Bankrupt U.S.?
U.S. will bear the burden of this midterm election for a long long time.
HST Real Estate: Canada CRA HST Tax Tax Rate
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Home Buyers Are Ignorant about HST in British Columbia and Ontario
I wrote about this myths about HST is causing a havoc in real estate market where HST was introduced in July 2009.
Home buyers are ignorant about HST and also real estate experts have failed to send the message about the net effect of HST to the prospective home buyers.
A recent study confirms my conclusion about HST and Real Estate market.