This week we received some questions from our users on retirement fund contributions and the laws that govern it. We hope that this helps you as you start gathering your documents for the new tax season.
1. What is the difference between a pension fund, a provident fund and a retirement annuity fund? Can I claim for contributions to all of these funds on my tax return? What about the portion my employer has contributed?
If you own a rental property, then this week’s top questions are specifically for you! Read on to find out more.
1. We paid off our home loan 5 years ago - nil balance due. However, we will have the loan available to borrow from as the term of the loan is not complete (we still have 90 months left). We would like to purchase an investment property and given that we have such a good rate on our current paid off home loan, we would like to use this loan to purchase the new...