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Alan, Bernard and Carolyn are beneficiaries of the ABC trust. Alan earns $400,000 per year in income (putting him in the highest tax bracket), while
Alan, Bernard and Carolyn are beneficiaries of the ABC trust. Alan earns $400,000 per year in income (putting him in the highest tax bracket), while Bernard and Carolyn earn much less. During 2013, the trust gave each beneficiary $20,000. The trust earned a total of $70,000 in income. What should the trustee do to minimize the income tax on the family as a whole?
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SOLUTION To minimize the income tax on the family as a whole the trustee should consider the followi...
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
