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FUNDAMENTALS OF TAX PLANNING
(Course Code: PFP103)
1. Basic Income Tax Concept
2. Income Tax Planning
In advising how financial goals can be better achieved through
minimization and deferment of income taxation, participants should have a good understanding
of the definition of income, types of income and how deductions and rebates can help to alleviate
the income tax burden.
Participants should understand that significant savings could be made through income splitting,
income deferment or acceleration of deductible claims. In addition, participants should know the
taxation treatment of insurance premiums and benefits.
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