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Taxes

Buy-in payment

When a new participant joins a CCA, they make a payment to acquire a stake in the outcomes of previous CCA efforts. This is known as a buy-in payment. It allows the new entrant to benefit from the shared costs and resources of the existing CCA. Buy-in payments help to ensure fair and equitable distribution of the benefits and risks among all participants. Think of it as an entry fee for joining the CCA club.

Tax shelter

Tax planning involves strategically utilizing legal methods to minimize tax obligations and potentially defer payment. This includes taking advantage of tax relief and exemp...

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Capital gain

A capital asset refers to any asset that is held for investment purposes, such as real estate, stocks, or bonds. When a capital asset is sold for a profit, this is known as ...

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Double taxation, economic and juridical

Double taxation is a concept that refers to the situation where a person is taxed twice on the same income by more than one state. This can occur both juridically, when the ...

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Fee

Central and local governments levy fees as a form of payment for specific services provided to citizens. These fees are distinct from taxes and are not typically included in...

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