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Contribution Limit

events IRS personal taxes Uncategorized US Tax Forms

Employee Benefits Plan for Same-Sex Couples

February 6, 2014

In August 2013, the Supreme Court announced its decision to the Windsor v. United States Court case recognizing same-sex couples to be treated as married for all federal tax purposes (i.e. income, gift and estate taxes) even if the married couple resides in a state that does not recognize same-sex marriage bringing an end to...

personal taxes

TFSA Basics, Withdrawal & Penalty Details

August 9, 2011

A tax free savings account (TFSA) is a registered savings account that allows individuals to save a set amount of money on a yearly basis and invest that money with no tax payable. The aim when TFSAs were created by the Government of Canada was for people to set aside money to invest. Gains made...