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A car carrier trailer waits in line next to the border wall before crossing to the United States at Otay commercial port in Tijuana, Baja California state, Mexico, on Jan. 22, 2025. Guillermo Arias | AFP | Getty Images DETROIT — Tariffs announced Saturday by the Trump administration of 25% on goods from Canada and Mexico as…
“The government can be a little more generous in increasing the slab rates and making sure that the starting base on which personal taxes are paid goes higher than what it is now,” says Gokul Chaudhri, President (Tax), Deloitte India.I am going to first start with where do we stand in terms of the tax…
Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023. Jonathan Ernst | Reuters As Congress wrestles over President-elect Donald Trump’s agenda, several key tax provisions are in limbo, including the child tax credit claimed by millions of families. Enacted by…
While avoiding a tax hike, Lethbridge city council has chosen to maintain operations of Lethbridge & District Exhibition (LDE) by using a contingency fund and surplus budget dollars until at least 2027. With the doors remaining open on the Agri-Food Hub and Trade Centre, residents had been facing a 2.24 per cent jump in property taxes…
Dave Bozeman, chief executive officer of C.H. Robinson. Source: C.H. Robinson As Dave Bozeman takes the stage at his first investor day as CEO of C.H. Robinson, he’ll have to contend with a freight recession, the threat of higher tariffs and the turnaround of a century-old logistics giant. “I want to lay out our vision…
Steep property taxes increases for next year has several Ontario municipalities seeking change in how tax dollars are divided to curb such a rise again. Cities such as London, Mississauga, Hamilton and Burlington are sounding the alarm, saying deals struck over 100 years ago with the federal and provincial governments are out of date and…
Srdjanpav | E+ | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. When a Roth conversion is completed, you’ll owe regular income taxes on the converted balance, based on your current-year taxable income. Ideally, you’re “managing the tax bracket,” said CFP Jim Guarino, managing director at…
Grace Cary | Moment | Getty Images After decades of building your nest egg, you will eventually have to start taking required minimum distributions, or RMDs, from pretax retirement accounts. The first RMD can be tricky, according to financial experts. Since 2023, most retirees must begin RMDs at age 73. The first deadline is April…
Hispanolistic | E+ | Getty Images If you’re planning a gift to charity this holiday season, you could score a tax break by donating cryptocurrency. But there are some key things to know before making the transfer, experts say. In 2024, there’s been a significant jump in crypto gifts to charity, according to Fidelity Charitable,…
