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Are grants and stipends taxable?

Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 10...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

Why RRSPs are not a good investment?

When it comes to saving for retirement, RRSPs are pretty hard to beat. Your contributions reduce your annual income tax. They are usually not a good optio...

Can I challenge my redundancy package?

You can challenge your redundancy if you: have worked for your employer for at least 2 years and you think it wasn’t a genuine redundancy or your employer...

Can a spouse access safe deposit box?

Many people who own safe deposit boxes as joint owners, for instance a husband and wife, mistakenly believe that the surviving owner has free access to th...

Who is responsible for paying back student loans?

Borrower Responsibilities As a federal student loan borrower, you are responsible for the repayment of your loan. You remain responsible for repaying your...

How do I use present value in Excel?

Present value (PV) is the current value of a stream of cash flows. PV can be calculated in excel with the formula =PV(rate, nper, pmt, [fv], [type]). If F...

What happens to the house if my father passes away?

My father stated in the will he leaves all property to her but her name is not on the deed am I entitled to the property if she passes away or do I have a...

What is pros stand for?

PROS Acronym Definition PROS Pros and Cons PROS Prospect PROS Prostitute PROS Prosthetic Is pro or con good? Pro is not an abbreviation, con is technicall...

What does Morningstar category mean?

The Morningstar Category™ classifications were introduced in 1996 to help investors make meaningful comparisons between mutual funds. The categories help ...

What percentage of small businesses survive the first two years?

According to the U.S. Bureau of Labor Statistics (BLS), this isn’t necessarily true. Data from the BLS shows that approximately 20% of new businesses fail...