We often hear about wealthy individuals finding loop holes in the tax system by storing their money in offshore banks. Companies, as legal entities, also have tools to pay less taxes. The corporate tax rate in the US is 35%. But a lot of companies get away with a much lower rate. Below is a graph from focus.com explaining… Read More »
There are lots of great suggestions out there for saving money. One I’ve found particularly useful is making a budget. This post is to help personal finance beginners to think about money, and take control of their own financial situations. A budget is a detailed plan for the formula below. Income – Spending = Savings For more savings we… Read More »
The provincial government is giving us the opportunity to balance its budget. This is normally the responsibility of the finance minister but now we can voice our opinions as well. What a great idea. Unfortunately what I really want to see are the live results of everyone’s inputs because it’s not like they don’t have that data already. Maybe they’ll… Read More »