The grantor, which can also be called the creator, settlor, trust maker, or trustor, is the party who forms the trust. For married couples, if the trust was established jointly, they...
Ideally, scholarships and grants should not be taxable, which is good news for students. However, it is too early to rejoice as Uncle Sam might want a cut based on the amount you got...
Posted by Pat Raskob on 03/08/2021
Going to university to broaden your horizons is interesting, but funding your studies with scholarships? It's even better. Scholarships often offer an educational path that would...
Higher education is expensive, with tuition and expenses rising every year. Thankfully, there are assistance programs to relieve some of these costs in the form of scholarships,...
In appreciation for military men's services, Uncle Sam offers a series of tax breaks for veterans with disabilities. This article sheds light on each alongside how one might qualify...
Of the many reasons why so many people want to migrate to Canada is the privileges that they can avail when in Canada. However while living in Canada and once you start earning here...
Posted by The Accounting and Tax on 03/19/2018
In case you are an immigrant to Canada you would know that, Canada is a cultural mosaic, with people from all over the world now calling it their home. So as an immigrant here apart...
Posted by The Accounting and Tax on 03/19/2018
4.3.1 (a) Residence of IndividualsUnder U.S domestic tax law, all individuals are subject to U.S tax, unless specifically exempted.U.S citizens are subject to U.S. tax on a worldwide...
For many students, receiving a grant or fellowship can provide a welcome break from increasing student loan debt. They can assist in covering expenses, as well as rewarding a student...