{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Tax Planning Defined

Tax Planning Defined - general anti-avoidance rule(GAAR...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Tax Planning Defned * Tax planning is the legitimate arranging oF one's fnancial activities in a manner that reduces or deFers the related tax cost * IF the tax authorities do not attempt to prevent certain transaction, then those transactions can be considered legitimate * The Income Tax Act has been changes to include what is called the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: general anti-avoidance rule (GAAR), which attempts to indicate what is not legitimate tax planning * The above tax planning action is clearly provided For in the Income Tax Act and constitutes a legitimate tax planning activity...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online