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How would you help the victims of this tax crime?
Allowing too much erosion up front (before investing and along the way reduces the opportunity to accumulate, grow, preserve, and transition wealth and cripples the power of compounding.
As a new FPSC-approved program, here is an excerpt from Tax Strategies for Financial Advisors.
A gift (either in cash or in kind) from your employer is an employment benefit. However, non-cash gifts and non-cash awards to an employee for the year with a total aggregate value less than $500 is non-taxable. The total value in excess of $500 annually will be taxable.
Canada is growing! We are now 35,056,064 strong, but there is a digital divide between young and old!