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Tax Savings Guide: How to Use CRA's T1198 Form for Lump-Sum Payments 💡 Did you receive a retroactive lump-sum payment from your employer or an insurance company? If so, you could be paying more taxes than necessary—but there's a way to reduce your tax burden! In this guide, we break down CRA’s T1198 Form, explaining: ✔️ How it helps you save on taxes ✔️ Who issues the form and why it matters ✔️ Step-by-step instructions for claiming it ✔️ Essential documents to provide your tax accountant 📌 Don’t let a lump-sum payment push you into a higher tax bracket! Learn how to spread the tax impact across multiple years and keep more of your hard-earned money. 📖 Read now to unlock your tax savings: [Insert Blog URL] 📢 Share this with anyone who might benefit! #CanadaTaxTips #TaxSavings #LumpSumPayments #CRAT1198
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