The purchase of immovable property is not just a strategic investment but also a transaction laden with tax implications under various provisions of the Income Tax Act, 1961. Beyond the cost of ...
There are many ways to pay your property tax to The City of Calgary. You can pay your property tax month-by-month or all at once. Join Tax Instalment Payment Plan (TIPP) to pay your property tax month ...
Definition: Progressive tax is the taxing mechanism in which the taxing authority charges more taxes as the income of the taxpayer increases. A higher tax is collected from the taxpayers who earn more ...
Definition: STT is a kind of turnover tax where the investor has to pay a small tax on the total consideration paid or received in a share transaction. Description: STT was introduced in the Budget of ...
Unfortunately, investment real estate is not granted the same luxury; the entire gain amount must be claimed on your taxes in the year the property is sold unless certain steps are taken to ...
Estate tax laws and related policies could significantly impact families, particularly those with larger estates. Here's what to keep an eye on, what to expect and how to prepare your estate ...