Spousal support is deductible from the payor’s income in calculating tax for the calendar year the support is paid, and includable in the recipient’s income for the same year in certain cases
Eight factors to ensure success when becoming employer to previous owner’s workers
Agents might take for granted that prospects and clients know the basics about life insurance, but a survey showed that they don’t even know that benefits are not taxed.
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A handful of top business stories we’re tracking today in Financial Post
PUTRAJAYA, Malaysia — The Latest from an Associated Press interview with Malaysian opposition leader Mahathir Mohamad (all times local): 3 p.m. Former Prime Minister Mahathir Mohamad says Malaysia will stop borrowing from China and review Chinese investments if his opposition grouping is elected in May 9 polls. Mahathir warned in an interview with The Associated […]
BERLIN — Prosecutors have carried out raids at 10 locations in southern Germany in an investigation of current and former managers at automaker Porsche, a unit of Volkswagen, over the company’s diesel emissions scandal. Stuttgart prosecutors said Wednesday’s raids, in the southern states of Baden-Wuerttemberg and Bavaria, are part of an investigation into suspicions of […]
Public insurer hopes to develop its own online sales system by learning from the firm Life Insurance Blog
LONDON — Official figures show that inflation in Britain unexpectedly fell in March, a development that is likely to raise questions in financial markets as to whether the Bank of England will raise interest rates again this month. The Office for National Statistics said Wednesday that consumer prices rose by 2.5 per cent in the […]
MIAMI — Target stores in Florida and Texas are now offering drive-up service. The retail chain announced Tuesday customers can buy items without leaving their car. The service began last fall in Minneapolis, where the company is headquartered. Target hopes to expand the service to nearly 1,000 stores across the U.S. by the end of […]
OTTAWA — The Bank of Canada will decide today whether to continue raising interest rates, and will issue its latest predictions for the Canadian economy. Most economists expect the central bank to retain its key rate at 1.25 per cent, the level it has been at since the last quarter-point increase in January. But they’ll […]