KeatsConnelly Cross-Border Weekly Best of the Web 2016-1-15

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s articles include an eclectic mix of items. We first share a piece on the historic Powerball lottery drawing which occurred this week and tax implications of US lotteries to Canadians. Then we move on to an article on retirement planning. And finally we finish with a piece looking at the impact of new Canadian tax rules.

Canadians can win the $1.4 billion US Powerball lottery (www.canadatoarizona.com) – Looking to get really, really rich, quick? You may want to consider purchasing a ticket for Wednesday’s record-breaking Powerball draw, with an estimated US$1.4 billion up for grabs in the American lottery. In Canadian dollars, that could mean a jackpot total of more than $1.9 billion. Here’s what Canadians need to know about the jackpot draw…

Want to retire at 55? Here’s how one woman pulled it off (www.theglobeandmail.com) – Everyone knows that “freedom 55” has turned out to be more marketing slogan than reality for most. But there are still an enviable few who are able to realize the dream. Cathy Bernaerts is someone who made it to the finish line, retiring three years ago just before turning 56. In making the decision to leave her job as director of finance and operations at Mississauga-based Edwards Lifesciences (Canada) Inc., she considered three factors: family, finances and her future.

How much more of your paycheque you can expect to pocket – or lose – from new tax rules (www.financialpost.com) – If you’re an employee, you may have already received your first paycheque of 2016. Assuming you didn’t get a raise this year, you may be wondering why the amount you received this payday was different than the amount you received in 2015. There are number of factors that affect how much actual cash you get to keep from your paycheque, the most significant ones being the amount of income taxes withheld at source by your employer as well as CPP/QPP contributions and EI premiums…

Come back in next week for more interesting news and articles. Enjoy your weekend!

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Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
A Canadian's Best Tax Haven
This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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