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Tip of the Day Be Aware of Other Deductions

Be Aware of Other Deductions - As part of filing your income tax you need to educate yourself as far as what deductions are allowable. Each year the government...

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Reinvestment Privilege

Reinvestment Privilege In some cases, a mutual fund will gives its investors the chance to purchase additional shares of the fund without having to pay the sales charge that normally goes along with it. The purpose of this is to help convince people who have made some money from their investments to put it back into the mutual fund to help it grow even further. Both income and capital gains can be used for this reinvestment and the lack of a sales charge is to encourage this additional investment, as this is the best thing for the mutual fund as a whole.

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Definition of the Day Close Corporation Plan

Close Corporation Plan - A close corporation plan is a particular arrangement where surviving shareholder in a business, company, or corporation, agree to purchase a deceased shareholder's shares. This is an excellent business strategy as it ensures all the present owners in the corporation that no outside interests cannot attempt...

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