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    Uncertainty In The GST Continues

    Our Government is trying hard to implement the Goods and Services Tax as early as possible but the areas of differences between the State Governments and Centre are such that the rolling out of the GST will definitely consumes a lot of time.

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    GST WILL NOW MOVE WITH TORTOISE

    GST is unlikely to be implemented from the scheduled date of April 1, 2011. Now Finance Minister is looking forward to roll out the Goods and Services tax simultaneously with the Direct Taxes Code (DTC) from April 1, 2012.

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    TFSA Innovative Canadian Tax Free Savings Account

    Recently the government of Canada has introduced a simple well thought plan for Canadians and citizens of Canada to put away sums of money , tax free for basically any purposes – a safety nest egg or even whim spending money – all in an easy and most convenient savings and retrieval format system. Go for it !

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    2010 Estate Tax Alert – Retroactively Imposed is Unconstitutional

    For 10 years the estate tax was set in law to be abolished in 2010. If congress didn’t act to keep it abolished or modify it for 2011 and beyond, then the 2011 estate tax would just revert to the 2000 estate tax. Now congress is considering retroactively imposing an estate tax for 2010 later in 2010. This article updates you on the present rates and explains that this retroactive change is unconstitutional.

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