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What are the laws governing taxation in Canada?

Taxation law in Canada is governed by a combination of federal, provincial, and territorial legislation. The main federal tax law is the Income Tax Act, which imposes income tax on individuals and corporations. Other federal tax laws include: The Excise Tax Act: This...

What are the key elements of a valid contract?

There are six key elements of a valid contract: Offer and acceptance: There must be a clear and unconditional offer from one party and an unconditional acceptance of that offer by the other party. Consideration: Both parties must exchange something of value. This...

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