Pros and cons of a tax refund

first_img 78SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details When tax season rolls around, you may be pretty excited about a big ol’ fat refund. The question is, should you be getting a refund at all? If you had a part-time job in high school or college, you probably weren’t banking too much cash on a weekly basis. In those days, a tax refund was the perfect post-Christmas gift from the government. But these days, you need to be a lot more responsible with your finances. So, what do you prefer now? Here are some pros and cons to getting a refund to start your year.PRO – REFUNDS HELP YOU SAVE: If you’re not very good at saving money, a tax refund can be a great way for you to pad your emergency fund every year. As long as that check is going straight into your savings account, it’s an understandable excuse for overpaying on your taxes throughout the year.CON – YOU’RE GIVING THE GOVERNMENT A FREE LOAN: Instead of doing the financially responsible thing and allowing that extra money to earn interest on your behalf throughout the year, you’re just letting the government hold onto your extra cash for you.PRO – IT FEELS LIKE EXTRA CASH: If your emergency fund is in good shape, you may not feel the need to put a tax return directly into your savings account. If you’re budgeting well throughout the year, then your finances may not be missing the extra cash that you’re lacking. If this is you, then a tax return probably feels like free money. Maybe you’ll spend the refund on a family vacation, maybe you’ll treat yourself to something nice. If you can afford to do it, have fun with it.CON – YOU’RE GETTING LESS FROM YOUR WEEKLY CHECK: We all have bills. Paying bills can be one of the least fun activities you regularly participate in. If money is tight, you would probably rather have a bigger check going into your pocket every pay period. If you can budget without that cash, no problem, but if you’re missing it, it may be time to say goodbye to that yearly refund so that your wallet doesn’t feel so empty during the year.Here’s the bottom line: There’s really no right and wrong way to handle your taxes, it’s really just up to you. Figure out what the pros and cons are for your situation and trust your instincts.last_img read more

City were lucky but title race is over – Mourinho

first_imgManchester, United Kingdom | AFP | Jose Mourinho admitted the Premier League title race is all but over after Manchester City delivered a hammer blow to Manchester United’s challenge with a 2-1 win on Sunday.City moved 11 points clear of second-placed United as Nicolas Otamendi’s second-half strike gave the visitors a record-equalling 14th successive Premier League victory. United boss Mourinho felt Pep Guardiola’s side rode their luck at Old Trafford, with Ander Herrera booked for diving after a tackle by Otamendi that the hosts claimed was worthy of a penalty.But he conceded his old rival Guardiola is highly likely to lead City to the title.Asked if the race was over, Mourinho said: “Probably, yes.“I’m pretty sure everyone is going to fight for points and try and reduce the distance, but the advantage is a very good one.“Manchester City are a very good team and they are protected by the luck, and the gods of football are behind them.“They are lucky, they have decisions in their favour.”Mourinho was furious with referee Michael Oliver’s decision not to award a penalty for the Otamendi challenge on Herrera. “My first reaction is I feel sorry for Michael Oliver because he had a very good match but unfortunately he made an important mistake,” he said.center_img “The result was made with a big penalty not given. That would have been 2-2 with 20 minutes to go. It was a crucial mistake.”Mourinho was equally unhappy with the sloppy United defending that gifted City their goals.“They scored two goals which were quite unbelievable to concede. Two bad goals,” he said.“We did enough to win the game? It depends on your perspective. They had more of the ball and apparently more control because they kept the ball more than us.”Share on: WhatsApplast_img read more

Mallard’s Team of the Week — Students from Wildflower, South Nelson and Trafalgar

first_imgMallard’s Source for Sports would like to salute the work of the students with Team of the Week honours.Prior to the classes hitting the streets, students stopped for a team photo by Madeleine Guenette. Three Kootenay Lake schools banded together to raise awareness for Earth Day 2013.Students from Wildflower, South Nelson and Trafalgar took to the streets of Nelson to stencil warnings on storm drains and pick up garbage on streets, tracks and parks in the city.last_img

Last flight for Air New Zealand’s Boeing 767s

first_imgAir New Zealand is marking the end of an era spanning more than three decades as it operates its last Boeing 767 service on Friday.The Boeing 767-300ER operating flight NZ108  is due to fly out of Sydney at 6.35 pm local time and land in Auckland just before midnight New Zealand time.The kiwi carrier has been operating the widebody Boeing twin-engine jet since September, 1985 and this week retires its two remaining 767 to make way for the fuel-efficient Boeing 787-9 Dreamliner as part of a fleet simplification program.That plan will see sees the airline operate a simplified fleet of Airbus A320s, Boeing 777s and the 787-9s.  AIrNZ has 13 Dreamliners on order with two more due to arrive later this year as part of a delivery schedule running until late 2018.The two 767s have been sold and to be converted to freighters.Air NZ operated both the -300 and -200 variants of the 767 and used the aircraft on most of its long-haul routes as well as across the Tasman.“The Boeing 767 aircraft has been a stalwart at Air New Zealand for more than 30 years now but moving to operate the modern 787-9 Dreamliners on our long-haul routes will allow us to be more efficient and have a consistent wide-body fleet which will deliver benefits to both the business and customers,’’ Air NZ chief operations integrity and standards officer David Morgan said. “The use of the larger Dreamliners will result in a capacity increase of around three percent on the trans-Tasman and Pacific Island routes.  Customers also get to experience our Business Premier and Premium Economy cabins on the 787-9 aircraft.” The popular 767 was Boeing first twin-engine jet, the manufacturer’s first with a two-crew glass cockpit and sported a “super critical” wing design. It was introduced into commercial service by AirNZ partner United Airlines in 1982.Initially used on US domestic services, it achieved a milestone in 1985 when it received regulatory approval for extended overseas flights and later came to dominate trans-Atlantic services.Not counting military variants, Boeing produced  six members of the 767 family: The 767-200, -200ER, 767-300 stretched version, -300ER, -300 Freighter, and 767-400ER with its 5,600-nautical mile range overwater.last_img read more

“Liechtenstein’s First” GCC2F4 GEOCACHE OF THE WEEK – July 7, 2011

first_img SharePrint Related”First Germany” GC77 GEOCACHE OF THE WEEK – April 4, 2011April 4, 2011In “Community”Bachalpsee (First) GC1TJFP GEOCACHE OF THE WEEK – September 12, 2011September 12, 2011In “Community””Para Emmy-n-Sapphie” GC19941 GEOCACHE OF THE WEEK December 5, 2011December 5, 2011In “Community” View from near “Leichtenstein’s First” “Liechtenstein’s First” (GCC2F4) brought geocaching to this 62 square mile European country in 2003.When Heinz-Achmed placed the cache, he wrote on the cache page, “Still possible in Europe: a country without cache. Nice to be the first to place one in a country.”It’s not possible any more. Liechtenstein’s First is now one of 115 gecoaches to dot the mountains and valleys in the landlocked country. Nearly 400 geocachers have logged smileys on the cache so far. It’s rated a 1.5 difficulty and 1.5 terrain. Cachers are able to drive within feet of the geocache location.The winding roads lifts them about 1500 meters (4921 feet) into the Alps. More than 100 pictures on the cache page capture the stunning views and sites along the way. Some geocachers use the famous cache to mark their own personal achievements.View near the cache locationOne geocacher logged, “Decided to pick a special cache for our 3000th find, and the first in Liechtenstein certainly fit the bill!!”Continue your exploration of some of the most engaging geocaches from around the world.Explore all the Geocaches of the Week on our blog or view the Bookmark List on Geocaching.com.Share with your Friends:Morelast_img read more

Tesla cuts number of stock colours to streamline production

first_imgNEW YORK, N.Y. – Tesla is dropping two of the seven colours it had offered to customers as it tries to streamline production.In a tweet early Tuesday, CEO Elon Musk said obsidian black and metallic silver will still be available, but at a higher cost.Tesla fans can still choose solid black and “midnight silver metallic,” as well as pearl white, deep blue metallic and red.The company, based in Palo Alto, California, has struggled to vault from a niche maker of expensive electric cars into a mass-market automaker. It missed several deadlines to produce 5,000 of its mass-market Model 3 cars per week but reached that milestone earlier this summer. Musk has promised that as it sells more Model 3s the company will turn a sustained net profit starting this quarter.A Tesla spokesman said dropping the paint colours is not an indication of any production problems. “We occasionally adjust pricing and available options to best reflect the value of our products and to streamline our manufacturing operations,” the company said in a statement.Customers should check for current pricing and packaging options on Tesla’s website, the statement said.There is a waiting list of more than 400,000 people who want to buy a Model 3, and some have been waiting since March 2016, when the company first started taking orders.Shares of Tesla closed down just over 2 per cent at $279.44 Tuesday after Nomura analyst Romit Shah downgraded the company from “Buy” to “Neutral” on worries about Musk’s erratic behaviour. The stock price has dropped 10 per cent since the first of the year. On Monday it rose 8.5 per cent on positive analyst commentary.Shah wrote in a note to investors Tuesday that Musk’s behaviour “seemingly flipped” in the second quarter with Twitter posts rising to 15 per day since May from four per day the previous 18 months. Musk has taunted short-sellers who bet against the stock, accused a British diver involved in a cave rescue of Thai soccer players of being a pedophile, cut off Wall Street analysts on a conference call, and smoked what appeared to be marijuana on a video podcast.The behaviour is likely to have contributed to recent executive departures including Chief Accounting Officer David Morton, who left last week after only one month on the job, Shah wrote.Tesla has potential to grow revenue and post substantial profits because it is vertically integrated, making its own batteries and many of its parts, Shah wrote. “Notwithstanding improving fundamentals, we believe Tesla is in need of better leadership and are moving to the sidelines until we see what happens with management,” Shah wrote.Tesla did not immediately comment Tuesday on the Nomura note.last_img read more

Childcare facilities in BC are prototyping affordable childcare program

first_imgVANCOUVER, B.C. – The B.C. Government has introduced 53 childcare facilities that will prototype affordable childcare for parents yet none of these facilities were chosen in the Peace Region.The program has the childcare providers receiving operational and administrative costs from Government funding, and in return, the care provider will reduce parents fees to a maximum of $200 per month for full-time enrollment during regular hours.Introducing prototype sites is the next big step for a 10-year ChildCare BC plan which will model what affordable universal childcare might look like for B.C. families. Parents of 2,500 children will benefit from being funded under the Early Learning and Child Care Agreement with the Government of Canada. These prototype sites were selected after an application process starting in June 2018, at first facilities with infant and toddler space were given priority and then and eligibility was expanded to other types of childcare although prototype sites had been selected to represent the diversity of B.C’s geography, population and program types. They also reflect a range of operational models, including both non-profit and private organizations and yet no facilities in the Peace region, were chosen or included in this program.“The Government of Canada believes that early learning and child care services should be affordable for all families,” said Jonathan Wilkinson, Member of Parliament for North Vancouver and Minister of Fisheries, Oceans, and the Canadian Coast Guard. “Today’s announcement is a big step towards ensuring that children get the best start in life and in delivering better high-quality and affordable childcare for families across British Columbia.”“We are finding new ways to make it easier for families to get by every month and to save for the future,” said Premier John Horgan. “Through this kind of action, where we significantly reduce the cost of child care, we can make life more affordable for so many B.C. families.”The closest option of financial support for Parents in the Peace Region is the Affordable Child Care Benefit. The ACCB provides up to $1,250 per child a month for families with an annual income of $111,000 or less.Families using licensed child care may also see savings through the Child Care Fee Reduction, which has so far helped to reduce the cost of almost 52,000 child care spaces throughout the province.last_img read more

No sales tax but Alberta premier says wait and see for detailed

first_imgEDMONTON, A.B. – Alberta Premier Rachel Notley says she won’t bring in a sales tax, a health premium or a payroll tax and will wait until closer to the provincial election to outline further details.“Stay tuned for the rest of it,” Notley said Friday.She wouldn’t say whether she will propose changes to the progressive income tax her NDP brought in to replace the former government’s flat tax. Kenney has promised to abolish the carbon tax as his first order of business should his party form government. He says it is a punitive tax on workers and families with no demonstrable benefit in reducing greenhouse gas emissions.Kenney has assailed the carbon tax as a symbol of an interventionist, misguided NDP that decided to increase fees on Albertans during an economic downturn.Kenney has not revealed specifics of his party’s tax platform. The rank and file voted last year to bring back the flat tax on income, but Kenney has said he has not decided if he will go along with that.He wants to see this year’s budget to get a better handle on the province’s money situation, but has said the overall goal needs to be reducing taxes on employers and families. “What I will say now is that we are committed to maintaining the tax advantage that low- and middle-income, middle-class Albertans currently enjoy.”Notley’s government axed Alberta’s 10 percent income flat tax and increased the levy on high-income earners shortly after the New Democrats won the 2015 election.Her government also increased the corporate tax to 12 percent from 10 percent and reduced the small business tax to two percent from three.The NDP also brought in a carbon tax on gasoline and home and business heating tied to fossil fuels. Rebates are made to low- and middle-income families.Tax policy, the economy, and how best to boost the oil and gas industry are expected to dominate the election, which must by law be held sometime in March, April or May.Both Notley and Jason Kenney’s Opposition United Conservatives are focusing on tax policies as economic issues, but also as broader symbols of what they call their opponent’s fundamental failings.center_img Notley said returning to the flat tax would only benefit high-income earners and the suggestion is symbolic of a UCP she says is run by and for well-heeled insiders.“I’m not interested in giving a $700-million tax cut to the top one percent of Albertans,” she said.Notley said Alberta already has an estimated $11-billion year tax advantage or better compared with other provinces.Alberta also has multibillion-dollar deficits that both the UCP and the NDP say will take about four years to bring back to balance.“Everyone wants us to get to a balanced budget so that what we’re doing is sustainable,” Notley said.“So when you make tax cuts (as Kenney suggests), what you have to do then is … pull back from services in order to maintain that path to balance.”Notley is also accusing the UCP of pushing back-door taxes by having Kenney discuss user-pay infrastructure. She said that can only mean road tolls, which would punish businesses and families.The United Conservatives have responded by saying the NDP has left the province in a deep financial hole and it’s imperative to look at other revenue options to fund “needed industrial infrastructure.”The party says it has never suggested putting tolls on “existing public infrastructure.”last_img read more

RCMP remind public that vigilante justice could be considered a criminal offence

first_imgFORT ST. JOHN, B.C. – Fort St. John RCMP are thanking the public for the report of a malnourished dog.On June 15, RCMP seized the dog and took it to the North Peace SPCA shelter.Police say SPCA staff brought the 16-year-old dog to a local veterinarian office to be examined and found the dog to be in very poor health. It was determined that the most compassionate plan of action was for the dog to be euthanized.RCMP contacted the owner and learned they had been MedEvac and hospitalized for the past two months. The owner entrusted their dog to the care of others on short notice while receiving medical care.Since then, the RCMP responded to a report of a mischief file at the owner’s address where a vehicle was vandalized as a result of some member of the public’s perceived lack of care for the dog.RCMP remind the public that residents should channel their frustrations in a more constructive manner and not to seek retaliation or revenge when only knowing one side of the story.Police say vigilante justice is not acceptable and, depending on the actions taken, could be prosecuted as a criminal offence.last_img read more

Will start campaign in full swing from March 23 Gopal Rai

first_imgNEW DELHI: The AAP will start its campaign in full swing from March 23 asserted Delhi AAP convenor Gopal Rai on Tuesday. “In our campaign, the focus will be on the full statehood for Delhi,” said Rai. He also said that AAP Convenor and Delhi CM Arvind Kejriwal to address 70 public meetings in each assembly çonstituency.MP Sanjay Singh, Manish Sisodia and Gopal Rai will also hold rallies all over Delhi. In the first phase, AAP will hold nearly 108 big rallies. The party will also hold street meetings and roadshows throughout Delhi. Phase 1 of the campaign will start March 23 to April 7 where 35 Jan Sabhas will take place. The phase 2 will start from April 8 and will be continued till April 30 where 35 Jan Sabhas will take place.last_img