Tax plans, managed by accountants, aim to minimize yearly income taxes. They can range from simple strategies for employees to complex plans for business owners. On the other hand, financial plans are comprehensive documents outlining how individuals can achieve their...
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Topic: Accounting
Trusts Matter: Navigating Changes in Tax Reporting
As they dissect the implications of the new CRA reporting requirements, Mike and Connor highlight the importance of understanding one's role in trust arrangements and the necessity of meticulous documentation. From identifying key players like settlors, beneficiaries,...