Difference between tax avoidance and tax evasion

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1) There is 1 (fairly) common NON-TAXABLE capital gain that many, many Canadians take advantage of in their lifetime. It is often a large amount of money. What is it, and why do you think successive governments continue to allow it

2) Briefly, what is the difference between "tax avoidance" and "tax evasion?"

3) What does TFSA stand for? List 4 significant things or rules about a TFSA that Canadians should know about.

4) Generally speaking, when is it possible to write off a capital loss against a capital gain in Canada?

Reference no: EM133053294

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