RESTRICTIONS TO TAX PLANNING - The act also has a general...

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RESTRICTIONS TO TAX PLANNING * Tax planning is divided between acceptable and unacceptable activities * The Income Tax Act specifcally prohibits a number oF activities * These prohibitions are reFerred to as anti-avoidance rules
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Unformatted text preview: * The act also has a general rule that attempts to state in general terms what is considered to be unacceptable activity...
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