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The Global Insight
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Global Affairs

Expert insights and detailed technical documentation about Global Affairs.

global affairs

What if you Overcontribute to RRSP?

You can overcontribute, over your lifetime, $2,000 without penalty. If you overcontribute more than that you will pay a tax of 1% per month on the amount ...

Mar 11, 2026 3 views
global affairs

What happens if I sell a gifted property?

If you gift someone a property, you will usually have to pay Capital Gains Tax (CGT) if it increased in value since you bought it. It’s as if you sold the...

Mar 11, 2026 2 views
global affairs

Does a financial advisor manage stocks?

While not all financial advisors can actually trade actual securities, such as stocks or bonds, they can act as your liaison with a broker or money manage...

Mar 10, 2026 2 views
global affairs

What is a limited partnership in Virginia?

LIMITED PARTNERSHIPS. INTRODUCTORY OVERVIEW. A limited partnership is a business entity comprised of two or more persons, with one or more general partner...

Mar 10, 2026 2 views
global affairs

Can a single member LLC file Form 2553?

Corporations, single-member LLCs, and multi-member LLCs can all file Form 2553 so they can elect to be taxed as an S corp. However, your entity must: Be a...

Mar 10, 2026 2 views
global affairs

Can you claim taxes as a caregiver?

You can claim a portion of up to $3,000 in caregiving costs for one person and up to $6,000 for two or more. Oddly, given the name, this tax credit does n...

Mar 10, 2026 2 views
global affairs

Can landlord enter shared accommodation?

Yes, they are. If a tenant lives in a shared house/HMO then the landlord has the right to access the shared areas (kitchen, lounge, etc) to complete inspe...

Mar 10, 2026 2 views
global affairs

Do real estate brokers give you clients?

Transaction brokerage changes the services your real estate professional is able to provide to you and to the other party in the transaction. It is imposs...

Mar 10, 2026 1 views
global affairs

What does 10 equity in a company mean?

The stake that someone has in a company refers to what percentage of it they own. If you own a 10% stake in a company worth $100,000, your stake is worth ...

Mar 10, 2026 1 views
global affairs

Are capital gains on a residence taxable?

The U.S. does have a principal residence capital gains tax (albeit with a sizable US$500,000 exemption), but also allows for the deduction of mortgage int...

Mar 10, 2026 1 views