The Union Budget 2025–26 has introduced a notable increase in the basic income tax exemption limit and has redrawn the ...

Alternatives like infrastructure and private credit assets can boost income and lower portfolio risk. Check out a high-income ...

You can deduct any reasonable expenses you incur to earn rental income. The two basic types of expenses are current expenses and capital expenses. For more information on what we consider a current or ...

Learn what inventory accounting is, how it works, and key methods like FIFO, LIFO, and WAC. Includes real-world examples, tips, and best practices.

A traditional income statement can be as simple or as complex as the company itself. At its most basic, a traditional income statement provides a total for revenue plus gains and then subtracts ...

For example, beside the basic exemption limit, there are Standard Deduction and rebates available. The Standard Deduction is increased to Rs 50,000 to Rs 75,000 under the New Tax Regime for ...

OTTAWA - The government's fiscal watchdog says a guaranteed basic income program at the federal level could cut poverty rates in Canada by up to 40 per cent.

For example, a single adult living alone on provincial income support collects a basic amount of $561 each month. They can ...

The major changes made to this guide since the last edition are outlined. This guide reflects some income tax changes recently announced which, if enacted as proposed, would be effective January 1, ...

The Denver Basic Income Project will halt giving low-income and homeless residents free monthly cash payments, but the founder hopes to bring it back.

Experts say basic income can help participants afford job training and land higher-paying roles. Some participants say GBI let them drop several lower-paying gigs in favor of one higher-paying job.