Tax avoidance is legal. Taxpayers in Canada have the right to plan their affairs in any legal
way so as to reduce the amount of tax they pay. It is tax evasion that is illegal.
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Minimizing your tax obligations is a key part of wealth planning. Your Investment advisor at
Faris CPA can help minimize the taxes you pay by recommending investments that postpone when
you have to pay or investments in assets that attract low tax rates, income splitting
opportunities, suggesting changes in the characterization of income earned, or even
alternatives to how your business is organized.
Although tax laws are complex and constantly changing, there are always opportunities for
you to increase your tax refund and minimize your tax liability. We can help implement a tax
strategy that will leave more money in your pocket.