Khums: An Islamic Tax - Part 2/2

- New Mortgage ruling from Ayatullah Sistani - Q&A session - Various other updates and review of basics Part 1 includes: - The meaning behind the concept of Khums - Items upon which khums is wajib - When do you pay khums? - What is surplus? What is profit? What is income? - What is exempt from khums? - What are savings? - What are allowable expenses? - What to do with debt? - Insurance premiums - Registered Retirement Savings Plan (RRSP) - Registered Education Savings Plan (RESP) - Tax Free Savings Account (TFSA) - Private Company Pension Plans - Life Insurance (Whole and Term) Premiums - Critical Illness Insurance Premiums - Saving for the future - Child allowance - Saving for a home - Home equity - Dowry - Unused items - Gifts - Business inventory and property - Division of Khums 

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