From the category archives:

taxes

Difference Between Debt, Deficit, Taxes and Spending

May 25, 2011

in US debt, US economy, debt, deficits, financial education, sovereign debt, spending, taxes, terminology

With the U.S. debt ceiling becoming an ongoing economic issue for American politics, you may be confused about some of the terms you hear and read in the news – or worse, maybe you don’t even question them and you talk about “debt” and “deficits” interchangeably.
Taxes and spending sound equally bad too, but there are [...]

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Is Wisconsin Harbinger of More To Come?

February 21, 2011 · 2 comments

in 2011, Africa, Egypt, February, Middle East, collapse, economy, employment income, forecasts, indicators, legislation, living in US, news and updates, revolution, riots, risk, taxes, unions, workers, world order

Protests in Madison, Wisconsin (USA) would otherwise appear to be a home-grown, Tea-Partyish type of movement (indeed, Tea Partiers were a large contingent protesting in support of the bill) were it not for the past two weeks of protests that appear to be spreading (if not necessarily “escalating”) throughout much of the Middle East, and [...]

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Best of Money Carnival #59 – Financial Lessons From the World Cup Edition

July 12, 2010 · 6 comments

in 2010, carnival, debt, employment, employment income, financial education, financial planning, spending, taxes

Welcome to the 59th edition of the Best of Money Carnival!  This is a traveling personal finance carnival that doesn’t merely list good personal finance articles around the web, but tries to rank them and pick a winner. 
This week saw 59 submissions, from which I was able to select a good 26 or so – [...]

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Best Canadian Income Trusts Post 2011 Conversion

June 15, 2010 · 6 comments

in 2011, Canadian, distributions, dividends, income, income trusts, investing, legislation, taxes

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According to Michael Dechter, Canadians should look at their income trusts in terms of the business they operate to decide whether they will still be good investments following the 2011 conversion to corporations.
Dechter says that the investment will continue to be good whether or not the company decides to convert so long as the underlying [...]

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Different Banking Cultures Around the World

April 28, 2010 · 3 comments

in Greece, bailout, banks, capitalism, central banks, credit, currencies, debt, economy, ethics, europe, foreign investment, government, interest rates, international economy, legislation, market reports, news and updates, politics, recession, regulation, risk, sovereign debt, taxes, world order, world reserve currency

If you’re in the U.S., you may be justified in blaming your banking industry (you definitely are), but just make sure that you know you’re talking specifically about U.S. banks.  Not all banks around the world screwed everyone over.
Let me remind you that banking cultures are very different around the world.  They don’t all set [...]

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What Happens To My Income Trusts in 2011? Should I Sell Them Now?

November 6, 2009 · 7 comments

in Canadian, TSX, financial planning, income trusts, investing, legislation, taxes, time in the market, yield

Canadian business income trusts won’t all turn into pumpkins at the strike of midnight on December 31, 2010.  In most cases, you will be aware of what will be happening long before that.
I’m not a taxation expert, but I’ll cover a few of the scenarios I know about here.  Consider these points before you think [...]

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