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Kozi Checks & Balances TaxTactics News

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October 04.2025

1 Minute Read

How Canada Can Learn from U.S. Tax Policies to Boost Investment

Toronto skyline with Canadian flag, related to Canada Tax Policy 2025.

Canada's Opportunity Amidst Global Trade Tensions

As geopolitical tensions flare and Canada's economy feels the pinch of America's coercive trade policies, there's a crucial opportunity at hand. The upcoming 2025 budget season is not merely an obligation; it’s a chance for Canada to redefine its attractiveness to investors and embrace a more competitive tax policy.

Learning from the U.S. Tax Policies

Canada can look to the American tax structure, which has been lauded for its ability to encourage investment and economic growth. Key features, such as expensing investments immediately, can inspire similar reforms north of the border. By implementing such policies, Canada can signal to investors that it's serious about creating a conducive business environment, encouraging both domestic and foreign investment.

A Vision for a Thriving Economy

Imagine a future where Canadian businesses thrive, not just survive. With thoughtful tax reforms that prioritize long-term growth, Canada can fortify its economy even in the face of external pressures. This is a moment for bold leadership and innovative thinking in tax policy. If Canada acts now, it could change the narrative from vulnerability to strength.

Your Role in Shaping Canada's Future

As citizens and stakeholders in the Canadian economy, your voice matters. Engage with local representatives and advocate for a tax policy that not only meets the challenges of our time but also secures investment for future generations. Together, we can build a brighter, more prosperous Canada.

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10.03.2025

Understanding the $5 Trillion Impact of Employer Health Insurance Tax Exclusion

Update The Cost of Employer-Sponsored Health Insurance: A $5 Trillion Dilemma Employer-sponsored health insurance (ESI) has long been a cornerstone of the U.S. healthcare system, but its benefits come with a significant cost to taxpayers. Recent studies estimate that the tax exclusion for ESI will cost the federal government over $5 trillion in lost revenue over the next decade, primarily due to the reduced income and payroll taxes. This scenario raises important questions about the sustainability of such a system and its long-term impact on healthcare costs. How Tax Cuts Shift Financial Burdens The tax exclusion for ESI, in place since World War II, incentivizes employers to offer health benefits instead of wages, leading to higher average premiums. For families, the average cost of ESI coverage now hovers around $25,572, hitting those in middle and lower income brackets the hardest. As demand for these benefits rises without addressing the supply side—such as availability of healthcare services—prices continue to climb, exacerbating the economic strain on households. Rethinking Healthcare Subsidies: A Path to Change Experts suggest that any expansion of healthcare tax credits should be balanced by limiting other subsidies in the tax code, particularly those associated with ESI. In light of the Congressional Budget Office's estimates that healthcare subsidies are rising quicker than general budget expenditures, policymakers are urged to seek solutions that mitigate fiscal responsibility while still ensuring access to affordable health coverage. Future Trends and Predictions As we look to the future, the anticipated outcomes of current healthcare policies may lead to a significant reduction in employer-sponsored plans. This shift could prompt a reevaluation of how health benefits are structured in the workplace, encouraging a more equitable distribution of healthcare costs amongst higher earners while providing necessary financial relief for lower-income families. In Conclusion: Why This Matters Understanding the implications of limiting the tax exclusion for employer-sponsored health insurance is crucial for both policymakers and families alike. As costs continue to rise, and the burden is felt more heavily by lower earners, thoughtful dialogue on potential reforms is vital to creating a fairer and more sustainable healthcare system for all Americans.

10.02.2025

Unlocking Tax Savings: How the One Big Beautiful Bill Act Affects Your 2026 Taxes

Update Understanding the One Big Beautiful Bill Act and Its Impact on 2026 Taxes The One Big Beautiful Bill Act (OBBBA) stands as a landmark piece of legislation, bringing the most substantial tax reforms since the Tax Cuts and Jobs Act (TCJA) in 2017. Passed this summer, it is set to profoundly impact how individuals and families navigate their tax responsibilities in 2026. For many, the changes mean continued tax relief as key TCJA provisions become permanent. The Importance of the Interactive 2026 Tax Calculator Taxpayers eager to understand how the OBBBA affects their financial situation can take advantage of an interactive tool that compares 2026 tax liabilities under two distinct scenarios: if the TCJA were allowed to expire versus the new provisions of the OBBBA. This tool illustrates the tax savings or increases, helping families and individuals make informed decisions moving forward. What Changed with OBBBA? One of the most significant outcomes from the OBBBA is the permanence of the tax cuts introduced by the TCJA. By eliminating the sunset clause that would have reverted many taxpayers to higher rates, approximately 62 percent of American taxpayers are anticipated to benefit, avoiding significant tax increases. Notable adjustments include: Doubled Child Tax Credit: Now at $2,200 per child, this credit is not only beneficial for families but also adjusted for inflation beginning in 2026. Standard Deduction Increases: For those filing jointly, the standard deduction will now rise to an impressive $31,500, making it simpler for families to reduce their taxable income. New Deductions for Workers: The introduction of deductions for specific overtime pay and tips means that those in service industries can keep more of their hard-earned wages. Connecting with Community Needs The OBBBA not only addresses tax rates but also the ongoing economic challenges faced by many Americans today. For instance, with rising costs in healthcare and education, the enhancements to the American Opportunity Credit and child savings accounts are well-timed for the families in our community, alleviating some of the financial burdens. Local resource groups can provide guidance on how to maximize benefits under this groundbreaking bill. Final Thoughts As the implications of OBBBA unfold, it becomes increasingly vital to stay informed and adjust personal finances according to new opportunities. Utilizing tools like the tax calculator can enable taxpayers to take control of their financial futures. The evolving landscape of tax law means planning ahead and understanding what you qualify for can save you significant amounts come tax season. In conclusion, as we navigate these tax changes, local resources will play an essential role in helping families connect with the information and support they need. By leveraging community knowledge and tools, taxpayers can make the most out of the legislative changes, ensuring they retain their hard-earned money.

10.01.2025

Exploring the Tax Treatment of Stock and Retirement Accounts in OECD and EU Countries

Update Understanding the Tax Treatment of Savings in OECD and EU The financial stability of individuals often depends significantly on how their savings and investments are taxed. Within the Organisation for Co-operation and Development (OECD) and European Union (EU), there is a common challenge: the taxation of long-term investments like stocks can discourage savings. On average, long-term capital gains from share sales are taxed at 18.19%, while dividends face a higher tax rate of 22.87%. The Double Taxation Dilemma This situation produces what many refer to as double taxation, meaning that investment income is taxed first at the corporate level and again at the shareholder level. This integrated tax rate reaches a hefty 40.86% on dividends and 37.37% on capital gains. Such high taxes create a barrier to saving, where ideally, individuals should only face taxation once—either upon earning income or when withdrawing funds for spending. Encouraging Retirement Savings To foster a culture of saving, many countries offer tax advantages for private retirement accounts, allowing individuals to defer taxes on contributions and returns until withdrawal. This model promotes long-term investment horizons and financial security. In the U.S., for instance, a significant 30% of total equity is held in these tax-preferred accounts. Future Perspectives on Tax Preferences Analysts suggest that universal savings accounts could simplify retirement savings by providing broader access to tax-deferred options, which might enhance household financial diversity and offer better savings incentives. As discussions about tax policies continue, understanding the implications of these investments can empower citizens to make informed financial decisions, paving the way for a more secure future.

How Canada Can Learn from U.S. Tax Policies to Boost Investment

Canada's Opportunity Amidst Global Trade Tensions

Learning from the U.S. Tax Policies

A Vision for a Thriving Economy

Your Role in Shaping Canada's Future

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