That’s because your taxable income is dependent on how you file. This is especially important when it comes to the net investment ... income threshold before the 3.8% tax applies.

your net income will be $90,000. Common tax deductions include: RRSP (registered retirement savings plan) and FHSA (first home savings account) contributions Elected split pension amount ...

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

Your sources of income, whether received through a paycheck, side hustle, tips or burgeoning e-commerce store, all need to be accounted for when it comes time to file your tax return. Before ...

If you're a high earner with investment income, you may be in for a not-so-pleasant surprise when tax time arrives. The intention of the net investment ... or legal advice. Before making financial ...

Taxes are no doubt confusing, but this handy guide can help you finish your tax return and get your refund from the IRS.

If you don’t know what Net Investment Income Tax ... and in the years before retirement can dramatically impact how much you pay. Gifts to children can come with tax strings.

now is the time to get your tax documents in order and seek the best resources to help you file your income tax return. Consider creating an IRS online tax account to view your previously filed ...

The old tax regime, which remains unchanged in the 2025 Budget, allows taxpayers to claim various exemptions such as House Rent Allowance (HRA), deductions under Section 80C (like for life insurance ...