Tax Tips for Prize Winners
Are there tax tips for prize winners in Canada? Yes, even though as long as the contest was legit, you don’t pay tax on it.
Are there tax tips for prize winners in Canada? Yes, even though as long as the contest was legit, you don’t pay tax on it.
I just don’t like saving seems to be the battle cry that some folks have, when they feel too darn lazy to change their bad habits. If you don’t like it find a way to hide it from you, or trick yourself, because you need to save.
Remember that Tax Season is in full swing, so it might be time to file your return (primarily if you are owed money). Don’t loan the Government money. Make sure you neither owe nor get a huge rebate.
You can call the CRA if you have questions about your taxes, but remember, many folks are panicking working on their taxes right now as well, so be patient with the wait and with the folks trying to help.
This week, a big snowfall should remind folks who live in Ottawa that Spring may be in the air, but that does not mean there won’t be any more snow. Most of the snow is gone, but does that mean we are finished with the white stuff? Not until after your taxes have been filed!
The Panama Papers leak seems to be causing a great deal of consternation for many of the 1% and many politicians. I guess my question is, would you rather be mentioned in the Panama Papers or the Ashley Madison leak? (maybe both?). RBC was mentioned in the Panama Papers, and they don’t think there is anything wrong with it.
It was Autism Awareness day on April 2nd, or as we call it around our house, Saturday (or my Daughter’s birthday). Autism awareness has a noble goal, but frankly, more services and support would be great as well (and the new Ontario Autism services model isn’t going to help). We are fortunate my son is higher on the spectrum, but that does not mean I deserve little (or no) services because he is older (and I am evidently rich).
A busy week meant I really only got 1 article written, but I continue to put up my best on my Twitter feed (along with a lot of other great stuff).
Given that we are getting close to Tax time, Tax Reflections for 2016 points out what I keep forgetting for my taxes.
Not asking, is rejection by default
Or better still, the Answer is Always No, unless you ask.
Read More »Tax Time, Spring Delayed, Panama Papers and #MoneyStoriesTax reflections from 2016 when the rules keep changing, but you still need to get your tax returns in.
I was saddened to read the passing of Ronnie Corbett, a noted English comedian and one half of the Two Ronnies. I grew up with his humor, and still enjoy watching the Two Ronnies skits on Youtube (look up Four Candles). Watching this show was very much a family event in our house (whereas my Mother refused to watch Monty Python with us, as it was much lower brow humor).
I suppose I could stay with tradition and write a swerve paragraph about financial planning, given it is April Fools Day, but given how things are going in the world, I can’t write anything that would sound implausible. The U.S. Elections seem to be ruining any attempt at ironic humor, as it is just flat-out Nuts!
I guess I could write a Debt is Good post, but no one would believe anything like that coming from me.
I continue to work on my backlog of articles, and found a couple I could work with.
I suppose I am showing how paranoid I am about the financial world with Advice From a Rich Man, but if I knew how to make a bloody fortune, do you think I’d share that information? Not likely.
“There was a fire at the main Inland Revenue office in London today, but it was put out before any serious good was done.” –The Two Ronnies
All Daddy really wants is the big piece of chicken, but the problem is there are too many Daddies out there trying to get that big piece of financial chicken.
“All those who believe in psychokinesis raise my right hand.” –The Two Ronnies
Read More »Money Fools, Ronnie, and #MoneyStoriesEverything happens for a reason. Sometimes that reason is you are stupid and you make horrific choices. Stop doing that.