An honorarium is a payment given for services rendered, but it is not considered wages or salary. In Canada, honorariums are generally taxable as income. This means that the recipient of an honorarium must report it on their tax return and pay taxes on it. However, there are some exceptions to this rule. For example, … Read more
If you encounter negative undeposited funds, you can rectify the situation by reviewing recent transactions to pinpoint the cause. Check whether any payments were incorrectly processed or if there were any unauthorized withdrawals. Once the source of the issue is identified, you can contact your bank or financial institution to report the error and request … Read more
Accumulation funds are a type of mutual fund that automatically reinvest dividends back into the fund. This means that you don’t receive the dividends as a cash payment, but instead they’re used to buy more shares of the fund. This can be a good option for investors who want to maximize their growth potential, as … Read more
Mileage allowance is a tax-free reimbursement employers give to employees who use their personal vehicles for business purposes. This reimbursement covers the costs of fuel, maintenance, and depreciation. Employees who receive a mileage allowance do not have to pay taxes on it, as long as the allowance is reasonable and does not exceed the actual … Read more
Debt financing is a type of funding where a company borrows money from lenders such as banks or investors. In return, the company promises to repay the amount borrowed, usually with interest, over a specified period of time. This form of financing involves taking on debt, which can be secured by collateral or unsecured. Secured … Read more
Sponsorships can qualify as tax-deductible expenses under certain conditions. If the sponsorship primarily benefits a qualified charitable organization and is not considered advertising or promotion, it may be eligible for a tax deduction. To be considered charitable, the sponsorship must be made to an organization recognized as a 501(c)(3) non-profit and must be used for … Read more
QQQ is an exchange-traded fund (ETF) that tracks the Nasdaq-100 Index. This index is composed of 100 of the largest non-financial companies listed on the Nasdaq stock exchange. QQQ provides investors with a way to invest in the Nasdaq-100 Index with a single investment. The fund is managed by Invesco and has an expense ratio … Read more
The Rajya Sabha, or Council of States, is the upper house of the Indian Parliament. It has limited powers compared to the Lok Sabha, or House of the People, which is the lower house. One of the key differences between the two houses is their role in the passage of money bills. A money bill … Read more
Drafters, individuals who create technical drawings and designs, have traditionally been in high demand in various industries, including construction, engineering, and manufacturing. However, the advent of advanced computer-aided design (CAD) software and automation technologies has raised concerns about the possible decline of drafting as a profession. CAD software enables users to create accurate and detailed … Read more
Axis Long Term Equity is an open-end equity mutual fund that primarily invests in large-cap stocks. These companies are typically well-established and have a strong track record of growth and profitability. The fund’s investment objective is to generate long-term capital appreciation by investing in a diversified portfolio of equity securities. The fund is actively managed, … Read more