tax bill

Canada is the United States’ largest trading partner of goods and services with over $518 billions of cross boarder trade in 2007 according to the U.S Census Bureau. This partnership has been accelerating since then time Prime Minister Brian Mulroney declared Canada “open for business” in 1984 with the dismantling of the Foreign Investment Review Agency (FIRA), a Canadian protectionist agency coupled with the passing of the Investment Canada Act (ICA).

When it comes to pursuing the American Dream most of us try as hard as we can to accumulate wealth. We do this so that we can enjoy a comfortable income and retire with dignity. However, what if you were actually wealthy in retirement and at the same time looked poor on your income tax return? How would that impact your retirement years?

Tax Planning is always important to do but even more important now. It generally made sense to defer taxes to future years, but that may not be the case as it appears future taxes could be going up.

2010 Is a Big Sunset Year On-Tax Provisions
Several tax benefits will be going away. For instance, the top tax bracket will be going up from 35% to 39.6%, some talk of it going up to 45%. The minimum tax bracket will go from 10% to 15%. All of us will want to stay abreast of tax legislation. Because of the coming sunset on provisions,

With the lure of tax-free distributions, Roth IRAs have become popular retirement savings vehicles since their introduction in 1998. But if you're a high-income taxpayer, chances are you haven't been able to participate in the Roth revolution. Well, that's about to change.

What are the current rules?

This Article Just Might Save Your Business By Brett Machtig and Dave Denniston

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