As a taxpayer you are allowed to arrange your affairs in the most tax effective manner as long as you do not contravene any laws. In any tax discussion, the dollar amount of tax being paid is not as relevant as the percentage of tax being paid.
The proper use of these planning techniques can reduce, eliminate, or defer the tax you pay. Careful planning with a Chartered Professional Accountant is warranted. Contact Keith Anderson, BCom, CPA, CA-IT, CITP at (780) 447-5830 if you need advice.
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