Chapter 6: Tax Planning Strategies
In this section
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Tax Planning Strategies
Learn how to legally and strategically arrange finances to reduce tax liabilities in Canada, balance short-term tactics with long-term goals, and stay compliant with CRA regulations.
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Income Splitting
Explore strategies and best practices for reducing a family’s overall tax burden by redistributing income among family members in lower tax brackets, including spousal RRSPs, prescribed rate loans, family trusts, and pension income splitting.
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Tax Shelters
Discover how tax shelters operate in Canada, from legitimate vehicles like RRSPs and flow-through shares to the CRA's rules and anti-avoidance provisions, and learn strategies for effectively evaluating their economic substance.
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Other Tax Planning Strategies
Explore key tax planning strategies beyond the basics of income splitting and tax shelters, including capital gains/loss planning, dividend income optimization, charitable donations, registered accounts, business incorporation, and estate freezes.
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