The Tax Questions Blog

Archive for December, 2008

Question: Should the government reduce taxes on cigarettes to make smoking more affordable for young people?

Right now I have to work for 1 hour just to be able to afford a pack, this has got to stop!

Answer: this is a dead horse already, long ago. the finance minister of the day said you shouldn't be smoking anyway so your gonna pay. then he hiked the tax on smokes and booze. it was unbelievable.
it's too bad that society can't indulge themselves "in moderation". it's so easy to stick it to them where it hurts.

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A look at how Michigan guberatorial candidates would deal with state business taxes

A look at how the 2010 gubernatorial candidates say they would deal with business taxes: ___ REPUBLICANS: _Oakland County Sheriff Mike Bouchard: Eliminate the Michigan Business Tax. As a state sena...

Tax Tips - Tell me... "How can I set off my losses to reduce my taxes?"

NEW INFO: Mother Charged with Son's Murder; Criminal Complaint Reveals Details

The criminal complaint filed in Gallipolis Municipal Court sheds new details on the death of a two-month-old baby.

JCCC Board of Trustees Meeting, 2-19-09

The Canadian Real Estate Association has come out with figures alarming to home sellers, but great for home buyers. With sales tumbling by 17 per cent in 2008, the market has been primed, but the prediction of another near-17 per cent tumble in 2009 indicates that the buyer's market isn't changing any time soon. Recent drops uphold the prediction of falling sales and the subsequent falling home prices that make Canadian homes a great buy for the real estate buyer.

In February of 2009, resale home prices dropped an average of 9.6 per cent in Canada alone. This summer, there has been an increasing amount of home purchases, but the market isn't rallying. Even new homes have experienced a slowdown, with new home prices down 3.3 per cent in June, from June 2008. Western Canada is currently experiencing the largest price drops.

All these statistics mean that it's a great time to buy for the Canadian home seeker. The market always turns around and by the time you are ready to move or sell, your home could be worth significantly more than you bought it for, especially in hot markets like Calgary, AB. This is potentially a long-term investment, but while you are waiting to realize it, you will have your own property to live on or rent out.

Real estate is the first best investment. Stocks will fluctuate, mines run out and popular items fall out of vogue, but people always need a place to live. With sensible investment in a good piece of property, you may not get rich, but you will be putting your money into something that can keep you financially stable, help with your taxes and solidify your position in the community. However, many Canadian millionaires made their money from careful real estate investment, so if you start on the road to multiple property ownership, you may realize financial success in ensuing years.

One important aspect of falling home sales is the corresponding fall in interest prices. Interest rates are at significant lows these days; something just as, if not more important than your actual home price. With low interest rates, you can lock in a rate that will take you through your entire mortgage with a payment cheaper than rent for a comparable property.

Now is the time to invest in Canadian real estate. Your investment now will be realized in the long term with equity and rising home values. You must have patience to realize your investment, but you will find that real estate is one of the most stable financial investments you can own and the one most calculated to bring you financial security.

Workers demand living wage from mall

The holiday wish list for the owners and stores at Queens Center Mall most likely included increased sales. It probably didn’t include being called a “publicly subsidized poverty wage center.”

Question: If my federal student loan has not defaulted will I receive the IRS tax rebate?

The IRS' website is not clear on whether the student loans need to have defaulted or not. It just says if you owe the government for student loans the rebate will be applied to that. Any help is appeciated.

Answer: If it's not in default, you're good to go.

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Robert Peston

Europe: paying for its overconfidence

Turbo Tax Rap - A CPA In A CPU - Tax Rap Contest Entry

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How the saga played out

THREATS, snipes and gripes flew thick and fast when an emissary was forced to make way for Peter Beattie, reveals Patrick Lion.

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