I have heard that IL’s plan Bright Start is really good but haven’t looked into it. Surprisingly, IL doesn’t have that high of income taxes (it’s all the other taxes / costs that are high).
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Hell yeah. Finally got Partner’s IRA in gear. It took a long while to get a bank account hooked up to it. I should have just sent a check, in the end, but we’d want the bank hooked up eventually.
After a waiting period for the deposit from a new account, I was able to backdoor the Trad IRA funds over to the Roth. Expecting to max both IRAs again next year by the time we get bonus money in the spring.
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The Canadian Income Tax Act has very broad anti-tax avoidance rules. Good possibility that Revenue Canada would challenge the use of this type of guaranteed loss against a capital gains tax elsewhere. We also have superficial loss rules to disqualify the deductibility of certain other types of intentional capital losses.
That will all be fixed with Canada#51.
Welcome to statehood, eh?! Salute the stars and stripes and pass the poutine!
I expect dealing with the IRS will be no more pleasant than dealing with the CRA even if your tax code is more accommodating.
That’s not a sure thing. You’ve also got Panama and Greenland vying for 51. Canada might have to settle for 52 or 53 (hey, at least they can get a prime!). It wouldn’t surprise me if more were added to the running.
Like the EU? Trump might give it special status, eg more than two senators, as it consists of countries rather than provinces. If he even knows that, that is.