A tax credit directly reduces a person’s actual tax liability, or tax bill. Unlike deductions (which reduce income before ...

With the financial year ending soon, many rush to maximize tax-saving investments. Among the options, Tax-Saving Fixed ...

The amount you can deduct depends on whether the project impacts the entire home or just the office. Home office improvements, however, are not tax deductible as they are classified similarly to ...

Among the various tax-saving options available, a Tax-Saving Fixed Deposit (FD) stands out as a viable choice for last-minute tax saving. Tax saving is only available in the old tax regime and not ...

In ordinary business discourse, it is a commonly accepted bitter truth that sometimes debtors are unable to pay their debts.

There's a lot of information (and money) on the table during tax season. That also makes it a prime time for scams.

Whether you’re a retiree who has shifted to part-time consulting, a career-driven twenty-something who has started a new side ...

Tax season is here, and while you're filling out your return for the Canadian Revenue Agency (CRA), keep in mind that medical expenses may be deductible.

Fortunately, the list of states ... with no state income taxes on Social Security starting in 2026. “Each state has tax provisions that could provide deductions for individuals below certain ...

HDFC Bank has started accepting deposits under the government-backed Senior Citizen Savings Scheme (SCSS), offering retirees ...

Most notably, the CRA is reverting to administering capital gains taxation under the current 50 per cent inclusion rate. As a ...

Editor’s note: This article was last updated March 20, 2025, to reflect the latest list ... Tax Table. But your situation and deductions could mean you’d need a substantially higher income ...