From Your Studies of Taxation in This Text You Have

Essay

From your studies of taxation in this text you have probably determined that taxation can be damaging to your financial future. One of the other things you might have picked up on is that divorce as well as taxes can ruin a financial plan. One of the benefits of a successful financial plan is that it will provide the family with financial stability. Financial instability can lead to stress between spouses, ending in divorce. Comment on how the Income Tax Act can make financial planning a difficult process. Comment on how Canadian tax law may be positive or negative in terms of how it treats divorced couples.