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Per the title of this textbook, our goal would be to instill a solid idea of the fundamentals of earnings tax and GST/HST as a result of an appreciation of the tax principles, ideas, and special vocabulary that make up the framework on which the Canadian tax program has been crafted.

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The textbook will provide you with the elementary instruments important to acquire an awareness to help discover, evaluate, and utilize the tax regulation to a wide range of topics starting from determining the revenue tax liability or refund of people earning employment cash flow; carrying on a business; earning investment earnings, such as the implications of advertising investments; identifying likely money tax benefits directed at learners; purchasing Tax-Absolutely free Price savings Accounts (TFSAs) and Registered Retirement Financial savings Programs (RRSPs); and comprehension how the earnings tax regulation relates to businesses, trusts, and partnerships.

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