For each of the key terms listed, indicate the BEST definition of that term, or that none of the definitions apply. Tax Evasion Tax Avoidance Tax Planning General Anti-Avoidance Rule (GAAR) Abusive Tax Avoidance (i.e. third component of GAAR provision) A Tax Benefit A. One of the requirements of GAAR which is defined to include: a reduction, avoidance or deferral of tax or other amount payable under the Income Tax Act or an increase in a refund of tax or other amount under the Income Tax Act. B. Undertaking of transactions to minimize taxes while following the letter, but not the spirit or true intention of the ITA. C. None of the definitions apply. (This answer can be used more than once.) D. Transaction(s) without a bona fide purpose, undergone to receive a tax benefit, that are not consistent with the object, spirit or purpose of the Income Tax Act E. This ITA 245 provision attempts, in a very generalized manner, to limit the ability of taxpayers to avoid tax through certain types of transactions that have no bona fide purpose other than to obtain a tax benefit. F. A transaction or series of transactions where it cannot be said to have been reasonably undertaken or arranged primarily for a bona fide purpose other than to obtain a tax benefit. G. The undertaking of transactions or arrangements with a view to minimize the payment of taxes while following the letter and spirit of the Criminal Code of Canada. H. Deliberately ignoring a specific part of the law or willfully refusing to comply with legislated reporting requirements 1. The undertaking of transactions or arrangements with a view to minimize the payment of taxes while complying with the object, spirit and intention of the ITA.