Finance

The popular urge to claw back the bogus bonuses paid by American International Group is irresistible and fully justified, but should the Treasury someday retrieve every single bonus dollar, that total of $165 million will make no difference to anyone except a few disgruntled traders. From the jaded perspective of the financiers, the uproar over the AIG bonuses may provide a welcome distraction from far more important (and lucrative) abuses in the world's offshore tax havens. So rather than continue arguing over chump change, it is long past time for the United States, with its international friends and allies, to demand accountability from the ... Read Full Story

It's 30 years into the future and America is still in the midst of the recession. President Obama failed to move the economy enough, and 2012 Governor Sarah Palin was elected president. Her platform of, "I Saved Alaska I Can Save America" was a dismal failure and she lost the following election to some unknown Democrat. The Republicans and Democrats have been arguing for 30 years and haven't compromised on anything. In the meantime the American economy has continued to go downhill and a permanent unemployment rate of 25% and a continuing lower standard of living has become the norm. India on the other ... Read Full Story

One of the most common questions I get from clients is on the subject of buying or leasing their next car. The simple answer is “it depends”. From an income tax perspective, if you are eligible to deduct automobile expenses from either your business or employment income the deductions available over time are the same. What you spend on the cost of your car is deducted at a rate decided upon by the Canada Revenue Agency (CRA). The deduction is called Capital Cost Allowance or you may know it better as depreciation. So long as you purchase a car, new or used, for $30,000 ... Read Full Story

One of the most common questions I get from clients is on the subject of buying or leasing their next car. The simple answer is “it depends”. From an income tax perspective, if you are eligible to deduct automobile expenses from either your business or employment income the deductions available over time are the same. What you spend on the cost of your car is deducted at a rate decided upon by the Canada Revenue Agency (CRA). The deduction is called Capital Cost Allowance or you may know it better as depreciation. So long as you purchase a car, new or used, for $30,000 ... Read Full Story

Poor credit car loans are not only for people who have declared bankruptcy. If you have no credit history, are a student, or have a lower than ideal credit score, you may be a perfect candidate for this type of auto financing. You just need to know How to Get a No Credit Car Loan in order to take advantage of the opportunity. This article will tell you how to do that. The first thing you should do is get a copy of your credit report and credit score. This is information that you should know before dealing with any lender. It gives you ... Read Full Story