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Tax Planning

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Author Topic: Tax Planning  (Read 13 times)

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« on: March 20, 2018, 08:48:48 am »

Tax planning is essentially analyzing your income, taxable income and trying to optimize it. Obviously one would want to reduce the tax cutting from his/her salary. Not paying your taxes is not an option. But there are other legal ways to minimize this tax cutting. Income tax law has given many provisions to the people if they wish to reduce the direct tax cutting and invest/spend in activities like investments, charity etc.

Tax planning is a process individuals, businesses, and organizations use to evaluate their financial profile, with the aim of minimizing the amount of taxes paid on personal income or business profit.


Barrett Tax Law
45 Basaltic Road, Suite 1B
Vaughan, ON
L4K 1G5
(416) 907-8429
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