Unless you flunked fifth grade math, it's not hard to see that married couples
ALWAYS pay less taxes.
Not exact matches
That's
less than previously required but still probably means breaking slowly into capital: after all, Ottawa's «generosity» with the earlier RRSP
tax refunds was
always balanced by the knowledge the
tax piper must eventually be
paid: naturally, these RRIF withdrawals are fully taxable like salaried income or interest income.
You
always want to
pay income
taxes when your income is lower, so if you make
less than $ 36,000 it's better if the money is
taxed before you put it in your retirement savings, as is the case with a TFSA.
Just be careful to have a cushion until you get it
paid off completely...... and even then you will
always owe
taxes and bills but they are so much
less than a mortgage.....
The good news is, if you earn
less than $ 100,000.00 a year, the private mortgage insurance premiums are
tax deductible, although this amount is
always subject to change because
tax laws often change.Paying PMI can be eliminated if you have
paid off at least 20 % of your mortgage or if the value of your home has gone up.
This is because a
tax effectively imposes a higher
tax rate relative to ability to
pay on poor states than it does on more affluent states and there has
always been a significant disparity between more affluent and
less affluent states in the United States).
Perhaps the most important legal question will be around selectivity as
paying less tax will almost
always give an advantage.