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Tip of the Day

Tip of the Day Avoid Fees

Avoid Fees - When using long-term investments as a money-earning vehicle, it is wise to remember that any returns that are made on that money must deduct any fees paid...

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  • Canadian Investment Funds

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    Many investors pool their money into Canadian investment funds. Financial professionals manage the pooled money and invest that money on the investors’ behalf. The money managers create the mutual fund portfolios. The individual investors receive the portfolios which are held in trust for them. Canadian investment funds have specific investment objectives which determine how they are to be managed. When you invest your money into Canadian investment funds, you purchase a certain number of units. Each unit you own is a share or fraction of the fund’s total value. There are...

  • Cheap Auto Financing

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    The recent trend has seen people switching their cars often. This has led to an increase in the demand for auto financing. There is no dearth of offers for car loans and choosing the best one is not an easy task. Instead of opting for the first vehicle loan offer you receive as the best, take some time out to do your homework. 1. Collect offers from a good number of loan institutions and compare them with regard to their interest rates, fee structure and terms of loan. Be careful to...

  • Tax Amnesty Lawyers

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    Tax Amnesty provides comprehensible ways to cover your unpaid taxes during a demarcated period. If you pay your taxes within this period, you don't have to face severe penalties that follow due to non-payment of taxes. Nevertheless, you have to look at your unpaid tax report thoroughly, as authorities sometimes can go wrong and put unfair penalties. The amnesty period is the best period that people have, to pay their unpaid taxes. The agencies normally reduce fines or stop charging them entirely within the tax amnesty period. To take advantage of...

  • Kid Tax

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    Definition: A tax applied to any income a child under the age of 14 receives in excess of $1200.  The income earned over this level is taxed at the parent's rate. TeenAnalyst Advice: If a child under the age of 14 earns over $1200/year in income, ...

  • Mutual Funds Investment

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    A well professionally managed scheme of collective investments that pool money from a large majority of willing investors and re-invest into stocks, bonds, short-term money markets, and a variety of other securities. Pooled monies are then up for trading and typically sent through a distribution directly to the investors. A key factor in the growth mutual funds was the changing of the Internal Revenue Code in 1975 which gave permission for individuals to open up individual retirement accounts or IRA's. Other retirement plans such as the 401K, 403b, and the...

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Daily Definition

Definition of the Day Earnings Report

Earnings Report - The Earnings Report is a financial document that is published by a public company. The document will contain the following information. Earnings (minus all costs and taxes over a given period) Income (profit minus expenses) and expenses (any cost of doing business to generate revenue) the earnings...

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