SNC-Lav exec owes $11M
Quebec’s Revenue Department is trying to seize the assets of a former SNC-Lavalin executive facing trial on fraud-related charges after estimating he owes the government more than $11 million in back taxes. A Feb. 18 court filing alleges Sami Bebawi did not disclose roughly $25 million in revenue he received from 2010-2013. According to the […]
U.S.-based Devon Energy to sell oilsands assets and leave Canada
Oklahoma City-based firm to focus on U.S. oil business after operating in Canada since 1998 Another foreign company is exiting the Alberta oilsands. Devon Energy has hired advisers to help sell off the company’s oilsands assets as the firm plans to leave Canada by the end of the year. The Oklahoma City-based company has three oilsands facilities […]
Where the 2020 candidates stand on student debt and college affordability
When Barack Obama ran for president for the last time in 2012, sweeping reform of our college financing system wasn’t even on his agenda, let alone that of his Republican opponent Mitt Romney. Fast forward just seven years and in the first few months of the primary contest for the Democratic nomination, candidates have started […]
Working While Receiving Social Security Disability
TO BECOME ELIGIBLE FOR Social Security disability benefits, you must be unable to engage in substantial gainful activity. However, you may be able to earn a small amount of income while receiving Social Security disability payments. “It is possible to qualify for Social Security disability benefits and still work in a limited capacity,” says Nick […]
This is how much 8 different emergencies may cost you — and you probably can’t afford them
Emergencies are expensive. On Wednesday, personal finance site GoBankingRates.com unveiled calculations for how much different emergencies might actually cost the average American, using Census Bureau, FEMA, HomeAdvisor, Insurance.com and other data. And brace yourselves, America, most of them cost far more than you’ve got saved. Average cost of emergencies Job loss, government shutdown, furlough $28,824 […]
Here’s why getting exactly zero back from the IRS might be a good thing
Forget about that gigantic refund: What you really want from the IRS is a tax balance of exactly zero and no big check. That’s because hitting zero with the taxman — that is, neither owing a balance nor receiving a refund — is an indication that you paid exactly the amount of tax liability you […]