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You can split pension income so that some of the income goes to your spouse in a lower tax rate. Pension income splitting can mean a lower household tax bill.

You can split pension income so that some of the income goes to your spouse in a lower tax rate. Pension income splitting can mean a lower household tax bill.

The purpose of the format and income statement components is to dissect the revenues, expenses, operating income, and profits of an entity.

A Trust reduces income tax but can also mean more in legal and accounting fees. A trust can save your beneficiary income tax after your death.

If you don't understand the difference between gross income and net income you have no hope of building wealth and achieving financial freedom.

A demonstration of how investment management strategies can optimize your income asset allocation plan and achieve greater income and less risk.

Large income tax refunds are fun to get but you would be better off without them. Read why getting a large income tax refund may not be the best for you.

Large income tax refunds are fun to get but you would be better off without them. Read why getting a large income tax refund may not be the best for you.

Planning for retirement is one of the most difficult things to do. How much income do you need in retirement?

I had a wise friend once tell me that no one really can become wealthy through their day job, and that people usually become wealthy through money that they put away from their day job, through passive income.

The Earned Income Tax Credit can provide a nice bit of a credit on your taxes but you have to be able to qualify.

When you retire, you need to convert your RRSP into income. It's time to change from being a saver to a spender. How do you start spending the RRSPs?

Pension splitting is a powerful tax strategy that allows Canadians to give up to 50% of their eligible pension income to their spouse for tax purposes.

Pension splitting is a powerful tax strategy that allows Canadians to give up to 50% of their eligible pension income to their spouse for tax purposes.

Being unemployed is stressful both mentally and financially. Take a look at how to file for unemployment benefits so you can start replacing your lost income.

Being unemployed is stressful both mentally and financially. Take a look at how to file for unemployment benefits so you can start replacing your lost income.

When it comes to asset allocation investing in bonds and other fixed income instruments play a critical role.

When it comes to asset allocation investing in bonds and other fixed income instruments play a critical role.

"It's pretty well-established at this point that I don't think that I am smart enough to beat the overall stock market when it comes to investing in equities.  The good news is that I think the average returns on equities are pretty damn good, and I have a solid strategy for realizing them.  While I don't believe I'm smart enough, or willing to put in the research needed to beat the market, Mike Heroux from the The Dividend Guy blog and The Financial Blogger just might be."

Net cash flow, also referred to as cash flow earnings or Net Income Plus Depreciation (NIPD), is the profits of the business plus non-cash expenses.

Investing in REITs can be a great way to get dividend income and add diversity to your portfolio. But what are REITs? See what they are and why they are an investment you should look at.

One way to beat inflation is to focus on companies that continuously raise their dividends, such as the "Dividend Aristocrats."  This gives you a stream of income that rises as fast as the cost of living.

It's easy to pay less attention to one's earned income because it comes in small amounts at frequent intervals, but add it up over a lifetime of earnings and you come up with a substantial sum.

What is capital gains tax? Almost everyone is familiar with federal income taxes, but not everyone is as familiar with the capital gains tax.

For many people, a home equity line of credit is an easy way to fall into a debt trap.  Be cautious.  Don't use a HELOC to continue increasing your debt load or to support a gap between your income and expenses.